An ordinary share of N80 was issued at N96. The share was...
An ordinary share of N80 was issued at N96. The share was issued at?
Premium
Par
Discount
Loss
Correct answer is A
Share premium is the amount by which the amount received by a company for a stock issue exceeds its face value. when shares are sold at an amount higher than the face value it is sold at premium.
.....................Departments ..................... P &nb...
\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{...
Wages of machine operators in manufacturing account are treated as ...
Le Raw materials: Stock (01/01/2017) 8...
Purchase of goods for N1,000 from chukwu had been entered in Chukwura's account. This is an erro...
A trading account is prepared to disclose the ...
Depreciation of assets is provided for provided for in consideration of ...
OGOGO'S SALES LEDGER LEDGER CONTROL ACCOUNT \(\begin{array}{c|c} & D & & D \\ \...
The double entry to record the proceeds on disposal of assets in debit ...
Use the following to answer the given question, \(\begin{array}{c|c} & ₦ \\ \hline Premis...