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2 cards from this section. Quick, good the night before a test.
Define equity shares?
Think about how their return is related to company performance.
What does 'issue price' refer to?
It's not always the same as face value.
What are equity shares?
Remember how they reflect ownership in a company.
Shares can be issued at which of the following prices?
Think about the different ways a company might raise capital.
A joint stock company issues 5,000 equity shares of ₹20 at a premium of ₹4. Prepare journal entries for application, allotment, and premium amount.
Break it down into each stage of the share issuance.
Discuss the impact on financial statements when a company forfeits shares and later reissues them at a discount.
Consider the balance sheet and income statement implications.
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