Question

Y Ltd. issued equity shares of Rs. 10 each at a premium, payable on Ap-
plication Rs. 2, on Allotment Rs. 5 (including premium) and on Call Rs. 5.
Premium value per share is (a) Re. 1 (b) Rs. 2 (c) Rs. 3 (d) Rs. 4​

Answer 1

Answer :

B) 2

Premium Value per share is ₹2.

Explanation :

Given :

• Issued equity shares of ₹ 10 each

• Application = 2

• Allotment = 5 ( including Premium )

• Call = 5

The Total is :

= 2 + 5 + 5 = 12

From this ,

We know that Shares issued at ₹10

Here, the total is 12.

= 10 + 2 = 12

Therefore, It is easily understood that Premium money is 2

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