Accountancy, asked by vidhiakhiyania, 5 months ago

at which maximum rate of percentage for premium on the face value of share can be declared by the company on their issue shares?​

Answers

Answered by 30350028
0

Answer:

When the company allots shares for the first time these shares can be issued at their nominal price or above or below such a nominal price. The accounting for shares issued at premium and shares issued at discount varies a little. So let us see these accounting treatments and also look at the securities premium account in some detail.

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