What is the shares nominal value
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By Investopedia. Updated Jun 20, 2020. The nominal value, or book value, of a share, is usually assigned when the stock is issued. Also called the face value or par value, the nominal value of the stock is its redemption price and is normally stated on the front of that security.
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Share Application or share allotment or Share capital A/c all are personal accounts as they represent money from the shareholders and when money is due, these are to be debited because of the rule "Debit the receiver".
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