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On January 1 2020. ABC Company was established as an Industrial public shareholding company ABC...

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Accounting

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On January 1 2020. ABC Company was established as an Industrial public shareholding company ABC Company authorises 7.000.000 shares of common stock A par value of JD 1 per share. The founders subscribed 4 million shares cash in the company's current account with the bank ABC offered the remaining shares to the public for subscription On 28/2/2020, the number of subscribed shares is 3,000,000 shares at the end date of subscription On 12/3/2020, the subscription shares were allotted the offered shares the credit side entry is made by the company on 12/3/2020 ls Share Capital 6,000,000 Subscribers to Shares - Founders 4.000.000 Share Capital 7.000.000 . Subscribers to Shares - Public 2,000,000

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