Dr Bank 2,500,000 Dr Debtor 500,000 Cr Share Capital 2,000,000 Cr Share Premium 1,000,000 Hope that helps! Accounting Paid-up capital is the amount of money a company has been paid from shareholders in exchange for shares of its stock. The double entry for share capital depends on whether the shares are paid or unpaid. Summary of SIC-16. (B) (1) Upon the sanction of bonus by converting partly paid shares into fully paid shares (a) Debit Profit & Loss Account Debit General Reserve Account Debit Capital Reserve Account (realised in cash only) Where the liability on any share in respect of uncalled capital is … This is due to the inflation adjustment. a share capital reduction The company has rented an office with 5 years and the payment $120,000 is at the end of each year. Reactions: bizres ••• More options. Evaluation of Mineral Resources, IAS 26 Accounting and Reporting by Retirement Benefit Plans or IAS 34 Interim Financial Reporting. The simplification applies only to the accounting of investments in subsidiaries, associates and joint ventures in the separate financial statement, which may be accounted for at cost, in … ☆. SIC-16 clarifies the accounting for an enterprise's own equity instruments which have been reacquired by the enterprise or any of its subsidiaries. A resolution to be passed. Specific requirements are included for equity-settled and cash-settled … Accounting The IASB issued IFRS for SMEs in 2009 with the intention of simplifying the The owners share in the profits (and losses) generated by the business. Classification under IFRS 11 is driven by the rights and obligation of the parties arising from the arrangement rather than the legal form of the arrangement. Accounting treatment for redeemable preference shares If preference shares are redeemable then shares are reported as liability in statement of financial position. share capital
