Allotment

This query is : Resolved 

11 December 2012 The face value of shares is Rs. 10/- and the book value per share comes to Rs. 45/-.At what rate can the shares of the Company be alloted?

11 December 2012 The shares can be allotted at Rs. 45....Rs. 10 as face value and Rs. 35 as premium.

Entry Would be:

Share Allotment A/c Dr...45
Share's A/c 10
Securities Premium A/c 35



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