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2,000 debentures of Rs. 100 are issued at Rs. 10 premium. Securities premium collected?
ARs. 2,000
BRs. 2,00,000
CRs. 10,000
DRs. 20,000
Answer & Solution
Correct answer: D. Rs. 20,000
Premium of Rs. 10 on each of 2,000 debentures gives Rs. 20,000.
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