Accounting for share capital questions
The total amount recognized in the share capital account is 1 million which equates to the nominal value of the issued shares (i. e. 1 per share) whereas the cash proceeds over and above the nominal value amounting 500, 000 (i. e. 0. 5 per share) has been credited to the share premium account.Share capital (shareholders capital, equity capital, contributed capital Contributed Surplus Contributed Surplus is an account of the equity section of the balance sheet that holds any excess amounts made from the issuance of shares with a par value. accounting for share capital questions
Jun 27, 2017 TS Grewal Solutions for Class 12 Accountancy Company Account Accounting for Share Capital (Volume II) Question 1. Gopal Ltd. was registered with an authorised capital of Rs. 50, 00, 000 divided into Equity Shares of Rs. 10 each. The company offered for public subscription all the shares.