1.

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

Answer»

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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