At the time of allotment, Share Allotment A/c is debited and Securities Premium is credited for all allotted shares (amount due). Total allotted shares = 10,000; premium = Rs.2 per share. Securities Premium credited at allotment = 10,000 x 2 = Rs.20,000.
Amount of Security Premium Reserve credited at the time of allotment of Shares will be
CUET UG 2022 — Accountancy Company Accounts
2022mcqmedium
Amount of Security Premium Reserve credited at the time of allotment of Shares will be
Official previous-year question
Held on 16 Jul 2022 · Verified 13 Jul 2026.
Options
- A
Rs.10,000
- B
Rs.20,000
- C
Rs.18,000
- D
Rs.19,200
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