- Messages
- 143
- Reaction score
- 43
- Points
- 38
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s10_qp_12.pdf
Can some1 plz explain briefly Q19 because i m really confused with Share Premium thingy, Plz explain to me that how Share premium is changed when rights issues or bonus issue takes place
PLZ ITS URGENT.I HAVE EXAM AFTER AROUND 14 HOURS.....A share premim a/c is opened when the shares are issued at more than dere nominal value
Eg if a share is issued at $1.6 where as its nominal value was $1, then Share premium wud b $0.6
Nd concrning rights & bonus issue, if a rights issue is made at abov the nominal value its share premium wud be credited to da share premium A/c
nd 4 bonus issue as da shareholders donot hav 2 pay 4 them, they will b taken 4rm da reservs (share premium,general reserv, etc)