Question

10,000 equity shares of ₹ 100 each issued and fully subscribed and called-up at 20% premium. Calculate equity share capital and share premium amount.

Answer 1

Equity share capital = No. of equity shares × face value of each share

= 10,000 × ₹ 100

= ₹ 10,00,000

Equity share premium = No. of equity share × Premium amount of each share

= 10,000 × ₹ 20

= ₹ 2,00,000