Issue of shares, Accounting Standards

Assignment Help:

What take place in a rights issue of shares?

1. Any premium on issue is added to a capital reserve.

2. Any type of premium on the issue is added to a revenue reserve.

3. Any premium on the issue is written off to the income statement.

4. The nominal value of the issue is written off to the income statement.


Related Discussions:- Issue of shares

Chart of accounts in myob , To establish and implement an accounting system...

To establish and implement an accounting system  for  Trigon  Corporation, using MYOB accounting software. Needed: 1.  Make and print a  suitable chart of accounts in MYOB

Financial executives institute, The Financial Executives Institute is an or...

The Financial Executives Institute is an organization established in 1931 whose members are mainly financial policy-making executives. Several of its members are chief financial of

Difference between trading and profit and loss account, 1. Trading account ...

1. Trading account is prepared so as to calculate gross profit or loss, whereas the function of the profit and loss account is to disclose net profit or loss. 2. Trading account

Difference between gross profit and net profit, 1)   List every item debite...

1)   List every item debited or credited in the Profit and Loss account. 2)   Illustrates the difference among Trading Account and Profit and Loss Account. 3)   Illustrates t

Financial Reporting, This is a 2,000 words assignment. There is list of 5 q...

This is a 2,000 words assignment. There is list of 5 questions. I would love to get it done in 3 days. Could you please let me know whether you are capable of getting it done. Than

Explain the procedure followed in government system , Explain the procedure...

Explain the procedure followed in government system of accounting in india

Closing stock, The Opening Stock of goods is the stock of goods in hand at ...

The Opening Stock of goods is the stock of goods in hand at the start of an accounting year. It may contain stock of raw material, work-in-progress and finished goods. It appears i

Accountancy–1ECO-02, The book of Deven Verma could not be tallied. The acco...

The book of Deven Verma could not be tallied. The accountant transferred the difference of Rs. 1,270 in the suspense account on the debit side. The following mistakes were found la

Gaap and ifrs, how much does a paper costs regarding differences and simili...

how much does a paper costs regarding differences and similiarities of gaap and ifrs for 4 companies

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd