A company has an authorised capital of: 2000 ordinary shares of 4 each 500...
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Finance
- A company has an authorised capital of:
2000 ordinary shares of 4 each
500 10% preference shares of 9 each
The company has issued (sold):
2000 ordinary shares at a premium of 1 each
500 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:
900 ordinary shares of 3 each
100 8% preference shares of 5 each
The company has issued (sold):
600 ordinary shares at a premium of 1 each
70 8% 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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