CMA Inter Paper 10 Practice Questions - CMA Intermediate Paper 10 Corporate Accounting And Auditing (CAA) Exam

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Under the Companies Act, 2013, a company issues equity shares of face value Rs. 10 at a premium of Rs. 4. Where must the Rs. 4 per share premium be credited?

Securities Premium Account Capital Reserve General Reserve Profit and Loss Account

Correct Answer:

Securities Premium Account

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