If a share of Rs.10 is issued at a premium of 20%, the issue price is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

Related MCQs

• Once the share premium account is credited the same, if the premium is not received.
• No company limited by shares shall issue any preference share which is redeemable after the expiry of …….. years from the date of issue.
• When shares are issued at a price higher than their face value, it is called issue at…………..
• X Ltd takes over Y Ltd and agrees to discharge debenture holders of Y Ltd at a premium of 5%. The premium should be debited to ………
• Market price per share divided by earnings per share is ________.
• Premium on issue of debentures is a….
• Premium on issue of debentures is a ‐‐‐‐‐‐‐‐‐‐‐.
• Bonus issue can be made out of securities premium collected in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Premium received on issue of shares cannot be utilised for ---------.
• The share premium account can be utilized to write off the ‐‐‐‐‐‐‐‐‐‐‐‐‐ expense of the company.