A Company has its share capital divided into shares of 10 each. On 1st April, 2016 it
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A Company has its share capital divided into shares of ₹10 each. On 1st April, 2016 it granted 10,000 employees’ stock options at ₹40, when the market price was ₹130. The options were to be exercised between 16th December, 2016 and 15th March, 2017. The employees exercised their options for 9,500 shares only, the remaining options lapsed. The company closes its books on 31st March every year. Show Journal Entries.
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Heres a table showing the journal entries for the various transactions related to the employee stock ...View the full answer
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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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