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A company issues 2,000 debentures of Rs 100 at a premium of Rs 10. What is the securities premium?
ARs 20,000
BRs 22,000
CRs 2,000
DRs 2,00,000
Answer & Solution
Correct answer: A. Rs 20,000
Rs 10 premium on each of 2,000 debentures gives Rs 20,000.
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