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Commerce · Q1271

Accounting

Graduate and Post Graduate · Commerce · question 1271

Q1271

The amount received over and above the par value is credited to which account?

A.
Share Capital A/c
B.
Calls-in-advance A/c
C.
Securities Premium A/c
Answer
D.
Share Forfeiture A/c

Answer: Option C

Solution

Answer: Option C
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