BASIC FINANCIAL ACCOUNTING MOD-II CORPORATE ACCOUNTING

What is a share? Types of Share:

Preference share Equity share

ISSUE OF SHARES A company may issue shares at their face value or at a price other than the face value. ‡ When the shares are issued equal to their face value it is termed as shares issued at par. ‡ When the shares are issued less than to their face value it is termed as shares issued at discount. ‡ When the shares are issued greater than to their face value it is termed as shares issued at premium.