1- What are the procedures and stages of establishing companies based on the Bahrain law and policies (review the pdf file uploaded in the Moodle.

2-Q2: Sanad Ltd. issued 100000 shares of BD 100 each at a premium of BD 10 per share, payable as: On application BD. 50 (including BD 10 premium) per share, On allotment BD 40 per share, On call BD. 20 per share.

Requirement:

- make journal entries by considering thatall amounts have been duly received.

Q3:Sanad Ltd. want to extend their business. So, it issued 6000 Debenturesof BD 100 each at a premium of BD 10 per share. Payable as follows: BD 60 on Application(including BD 10 premium), BD 30 on Allotment and BD 20 on First and Final call.1500 of the debentures were applied for and allotted. All the calls were duly received.

Requirement:

1. make necessary journal entries in the books of the company.