A Company has its share capital divided into shares of 10 each. On 1.4.2010, it granted 5,000
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A Company has its share capital divided into shares of ₹10 each. On 1.4.2010, it granted 5,000 employees stock option at ₹50, when the market price was ₹140. The options were to be exercised between 1.12.2010 and 28.2.2011. The employees exercised their options for 4,800 shares only; remaining options lapsed. Pass the necessary journal entries for the year ended 31.3.2011 with regard to employees’ stock options.
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To record the necessary journal entries for the year ended 3132011 with regard to employees stock op...View the full answer
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Related Book For 
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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