P2 C1 ACCOUNTING FOR SHERE CAPITAL — Elements of Account STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C1 ACCOUNTING FOR SHERE CAPITAL1 Mark
Question
What is securities premium?
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Answer
When company issues shares at a price higher than the face value, the shares are said to be issued at premium. The amount thus receives is known as securities premium.
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