Allotment
This query is : Resolved
11 December 2012
The face value of shares is Rs. 10/- and the book value per share comes to Rs. 45/-.At what rate can the shares of the Company be alloted?
11 December 2012
The shares can be allotted at Rs. 45....Rs. 10 as face value and Rs. 35 as premium.
Entry Would be:
Share Allotment A/c Dr...45
Share's A/c 10
Securities Premium A/c 35
Entry Would be:
Share Allotment A/c Dr...45
Share's A/c 10
Securities Premium A/c 35
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