Journal entry for issue of preference share

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Querist : Anonymous

Querist : Anonymous (Querist)

20 August 2012 Hello sir,
plz solve my query...
Provide journal entry for issue of preference share when
a) issue at par and redemption at par,
b) issue at premium and redemption at premuim,
c) issue at par and redemption at premium
d) issue at discount and redemption at par
e) issue at discount and redemption at premium

Amol S Joglekar

Amol S Joglekar (Expert)
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20 August 2012 debit cash/bank, debit discount.... credit redeemable preference share capital. )(For shares issued at discount) For shares issued at par Debit cash/Bank crdit Redeemable preference share capital

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