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    Issuance of Ordinary and Preference Shares

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    Hannah Lopez
    The document records various cash transactions by a company between January and November, where cash was received in exchange for issuing ordinary and preference shares, as well as using cash to purchase land. It summarizes the total share capital received from ordinary shares (Rs. 215,000), preference shares (Rs. 600,000), and share premium from ordinary (Rs. 600,000) and preference shares (Rs. 56,000). The company's total assets of Rs. 1,421,000 equal its total shareholder equity.

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    Issuance of Ordinary and Preference Shares

    Uploaded by

    Hannah Lopez
    20 views5 pages
    The document records various cash transactions by a company between January and November, where cash was received in exchange for issuing ordinary and preference shares, as well as using cash to purchase land. It summarizes the total share capital received from ordinary shares (Rs. 215,000), preference shares (Rs. 600,000), and share premium from ordinary (Rs. 600,000) and preference shares (Rs. 56,000). The company's total assets of Rs. 1,421,000 equal its total shareholder equity.

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    issuance of ordinary and preference shares

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    The document records various cash transactions by a company between January and November, where cash was received in exchange for issuing ordinary and preference shares, as well as using cash to purchase land. It summarizes the total share capital received from ordinary shares (Rs. 215,000), preference shares (Rs. 600,000), and share premium from ordinary (Rs. 600,000) and preference shares (Rs. 56,000). The company's total assets of Rs. 1,421,000 equal its total shareholder equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    20 views5 pages

    Issuance of Ordinary and Preference Shares

    Uploaded by

    Hannah Lopez
    The document records various cash transactions by a company between January and November, where cash was received in exchange for issuing ordinary and preference shares, as well as using cash to purchase land. It summarizes the total share capital received from ordinary shares (Rs. 215,000), preference shares (Rs. 600,000), and share premium from ordinary (Rs. 600,000) and preference shares (Rs. 56,000). The company's total assets of Rs. 1,421,000 equal its total shareholder equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 5

    10-Jan CASH 350000

    ORDINARY SHARES CAPITAL 100000


    SHARE PREMIUM - ORDINARY SHARE 250000

    1-Mar CASH 550000


    PREFERENCE SHARE CAPITAL 500000
    SHARE PREMIUM - PREFERENCE SHARE 50000

    1-Apr LAND 85000


    ORDINARY SHARE CAPITAL 25000
    SHARE PREMIUM - ORDINARY SHARE 60000

    1-May CASH 300000


    ORDINARY SHARE CAPITAL 75000
    SHARE PREMIUM - ORDINARY SHARE 225000

    1-Aug ORGANIZATION EXPENSES 50000


    ORDINARY SHARE CAPITAL 10000
    SHARE PREMIUM - ORDINARY SHARE 40000

    1-Sep CASH 30000


    ORDINARY SHARE CAPITAL 5000
    SHARE PREMIUM - ORDINARY SHARE 25000

    1-Nov CASH 106000


    PREFERENCE SHARE CAPITAL 100000
    SHARE PREMIUM - PREFERENCE SHARE 6000
    ORDINARY SHARES CAPITAL
    100,000
    25,000
    75,000
    10,000
    5,000
    215,000

    PREFERENCE SHARE CAPITAL


    500,000
    100,000

    600,000

    ASSET SHARE CAPITAL


    CASH 1,336,000 SHARE CAPITAL - ORDINARY 215000
    LAND 85,000 PREFERENCE SHARE CAPITAL 600000
    TOTAL ASSETS 1,421,000 SHARE PREMIUM - ORDINARY SHARE 600000
    SHARE PREMIUM - PREFERENCE SHARE 56000
    ORGANIZATION EXPENSES -50000
    TOTAL STAKEHOLDER EQUITY 1421000
    SHARE PREMIUM - ORDINARY SHARE CASH
    250,000 350,000
    60,000 550,000
    225,000 300,000
    40,000 30,000
    25,000 106,000
    600,000 1,336,000

    SHARE PREMIUM - PREFERENCE SHARE LAND


    50,000 85,000
    6,000

    56,000 85,000

    ORGANIZATION EXPENSES
    50,000

    50,000

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