Jupiter Ltd. issued 10,000 equity shares at ₹20 per share for cash and 20,000 equity shares to suppliers of plant costing ₹4,50,000. Assuming face value of shares at ₹10 each, show the resultant disclosure in the notes t

Jupiter Ltd. Notes to Accounts ₹ (i) Share Capital Issued and Paid up Capital 30,000 equity shares of ₹10 each fully paid up 3,00,000 (Out of which 20,000 equity shares of ₹10 each Were allotted for consideration other than cash) (ii) Reserve and Surplus Security Premium (Working Note -1) 3,50,000 Computation of Security Premium ₹ (a) For Cash Issue: 10,000 shares x 10 1,00,000 (b) For other than Cash : Value of Plant & Machinery 4,50,000 No. of Shares issued 20,000 Value per share = 4,50,000/20,000 = ₹22.50 Premium per share = ₹12.50 2,50,000 Total Premium Total Security Premium 3,50,000