Saved Bookmarks
| 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. |
|