Question

A company issues 10,000 equity shares at ₹50 each. Share capital (face value ₹10) and share premium recorded are:

A Share capital ₹1,00,000; share premium ₹4,00,000
B Share capital ₹50,000; share premium ₹4,50,000
C Share capital ₹1,00,000; share premium ₹0
D Share capital ₹10,000; share premium ₹40,000
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