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What Is a Share?

Out of the is...

Question

Out of the issue price, only the of the share is credited to the share capital account in stages.

A

face value

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B

premium amount

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C

discount amount

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D

dividend

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Solution

The correct option is A face value
Out of the issue price, only the face value of the share is credited to the share capital account in stages.

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Similar questions

Out of the issue price, only the __________ of the share is credited to the share capital.

Q. Share capital account can be credited only when ________.

Q. In case of redemption option of preference shares is out of the fresh issue of equity shares, which of the following account will be credited?

Q. At the time of forfeiture of shares which were originally issued at a discount, the accounting entry will be
I. A Debit Share capital account with the called-up value of shares forfeited.
II. A Credit Share forfeiture account with the amount received on forfeited shares.
III. A Credit Discount on issue of shares with the amount of discount allowed on forfeited shares,
IV. A Credit Calls-in-arrears with the amount due but not paid on forfeited shares.

Q. When shares are forfeited, the share capital account is debited with _______ and the Share Forfeited Account is credited with ________.

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