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Allotment

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(Querist)
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?
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Gajendra R. Tiwari

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Gajendra R. Tiwari (Expert)
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

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