[Solved] Auditor should see that amount received for premium on issue of shares should be shown in

Auditor should see that amount received for premium on issue of shares should be shown in

a) Subscribed capital

b) Capital Reserve Account

c) Securities Premium Reserve account

d) Paid-up capital account

Answer: (c) Auditor should see that amount received for premium on issue of shares should be shown in securities Premium Reserve account.

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