Sam Asked a Question
October 15, 2020 1:59 pmpts 30 pts
How did share premium come into picture and how is answer option C
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  • Priya gulani
    see if it helps you
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  • Priya gulani
    shares have been reissued at discount as they have been reissued as fully paid up shares for rs 6 there is loss on reissue
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  • Rucha rajesh shingvekar thankyou
    not given in question, we need to find it by doing calculation.
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  • Rucha rajesh shingvekar
    see this
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  • Rucha rajesh shingvekar
    A capital reserve is an account in the equity section of the balance sheet that can be used for contingencies or to offset capital losses. It is derived from the accumulated capita...
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  • Rucha rajesh shingvekar
    if any capital gain arises in business it transferred to capital reserve account.
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  • Rucha rajesh shingvekar
    Share premium is the amount received by a company over and above the face value of its shares.
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  • Rucha rajesh shingvekar
    A share premium account shows up in the shareholders' equity portion of the balance sheet. The share premium account represents the difference between the par value of the shares i...
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    Sam
    everything right but where is it given in question
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