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Title: Corporate Accounting - Issue of Shares, Journal Entries
Description: These are the notes of Corporate Accounts of Bachelor's Commerce of 1st year 2nd Semester. These notes include how many ways are there for issuing of share, process of share issue and Journal Entries. The notes are short and precise and easy to understand.
Description: These are the notes of Corporate Accounts of Bachelor's Commerce of 1st year 2nd Semester. These notes include how many ways are there for issuing of share, process of share issue and Journal Entries. The notes are short and precise and easy to understand.
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BACHELOR'S OF COMMERCE
YEAR 1ST
SEMESTER 2ND
CORPORATE ACCOUNTING
Issue of Shares
There are three ways to issue shares:1
...
On Discount
3
...
On Discount
In this case, the share is issued at less price as
compared to it's face value
...
*According to Companies Act, 2013, On
Discount is not applicable
...
When the invitation rate and subscription
rate is same rate, then direct journal entry is
applied
...
When the subscription rate is more than
invitation rate, then first pro rata table is
made then journal entry is applied
...
When subscription rate is less than invitation
rate, then journal entry is applied only when
it is being issued at the 10% rate
...
Prospectus
2
...
At Par
Share Issue 10000 @₹100
Application 25
Allotment 45
Call
30
Entries
Bank a/c dr
...
250000
To equity share capital a/c
...
450000
To equity share capital a/c
...
450000
To equity share allotment a/c 450000
(Allotment money received)
Equity share 1st and final call dr
...
300000
(Calls money due)
Bank a/c dr
...
On Premium
In case of application 1st and 2nd same as at
par entries
...
“ “To security premium a/c” “To
equity share capital”
4th entry is same as at par
...
Title: Corporate Accounting - Issue of Shares, Journal Entries
Description: These are the notes of Corporate Accounts of Bachelor's Commerce of 1st year 2nd Semester. These notes include how many ways are there for issuing of share, process of share issue and Journal Entries. The notes are short and precise and easy to understand.
Description: These are the notes of Corporate Accounts of Bachelor's Commerce of 1st year 2nd Semester. These notes include how many ways are there for issuing of share, process of share issue and Journal Entries. The notes are short and precise and easy to understand.