01-23-2010, 04:06 AM
Skystar first of all the number one point. Here capital stock refers to share capital. The par value of each share is 10rs. Therefore total par value is 1,000,000Rs. Any excess of consideration over par value is the share premium which amounts to 850,000Rs(1,850,000-1,000,000)
Therefore balance sheet extracts would be
current asset
cash 1,850,000
equity
share capital 1,000,000
share premium 850,000
You have not mentioned quarterly payment dates. Are they 31st march, 30thjune, 30th sept and 31th dec?
Therefore balance sheet extracts would be
current asset
cash 1,850,000
equity
share capital 1,000,000
share premium 850,000
You have not mentioned quarterly payment dates. Are they 31st march, 30thjune, 30th sept and 31th dec?
