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Sources of Finance
Shares Issued and Paid For in Full on Application - At Par
Answers
Biz/ed plc issued 25,000 ordinary shares at par for £3.75 per share. Applications were received for exactly 25,000 shares and these are then allocated and issued. See below for the bookkeeping requirements for this share issue.
Biz/ed plc
| Shares issued | 25000 | |
| Par value per share | 3.75 | |
| Received in full on application and allotted immediately | |
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| Dr | Cr |
| Application and Allotment a/c | 93750 | |
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| Ordinary Share Capital a/c | 93750 | |
| Bank a/c | | 93750 |
| | 93750 | 93750 |
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| Application and Allotment a/c | | 93750 |
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