Question
A company has an authorised capital of: 600 ordinary shares of 4 each 900 10% preference shares of 9 each The company has issued (sold):
- A company has an authorised capital of:
600 ordinary shares of 4 each
900 10% preference shares of 9 each
The company has issued (sold):
500 ordinary shares at a premium of 1 each
100 10% preference shares at par
Complete the following table to show the amount that was entered in each account.
Account | Amount |
Issued Share Capital | |
Issued preference Capital | |
Share premium Account | |
Total in bank |
- A company has an authorised capital of:
9000 ordinary shares of 2 each
1000 4% preference shares of 5 each
The company has issued (sold):
600 0ordinary shares at a premium of 1 each
700 4% preference shares at par
Complete the following table to show the amount that was entered in each account.
Account | Amount |
Issued Share Capital | |
Issued preference Capital | |
Share premium Account | |
Total in bank |
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