Question 24
If a company issues a share with a face value of ₹20 at a price of ₹60, where is the extra ₹40 recorded?
Securities Premium
Capital Reserve
Paid-up Capital
Profit and Loss Account
If a company issues a share with a face value of ₹20 at a price of ₹60, where is the extra ₹40 recorded?
Securities Premium
Capital Reserve
Paid-up Capital
Profit and Loss Account
Correct answer
Securities Premium
Question 24 of 43 in the IIT Madras BS Business Data Management (BDM) End Term paper sat on 13 Sept 2026, in the May 2026 term (Business Data Management 13 Sep 26 (Session 2)). It carries 1 mark.