Sources of Finance
Under or Over Subscribed Share Issues
Answers
Biz/ed plc issued 20,329 ordinary shares at par value of £10 per share. Applications were received for 34,011 shares and these are then dealt with as appropriate. See below for the bookkeeping requirements for this share issue.
Biz/ed plc
| Shares issued | 20329 | |
| Par value per share | 10 | |
| Applications received for this number of shares | 34011 | |
| Received in full on application and allotted immediately | ||
| Bank a/c | Dr | Cr |
| Application and Allotment a/c | 340110 | |
| Application and Allotment a/c (refunds) | 136820 | |
| Application and Allotment a/c | ||
| Bank a/c | 136820 | |
| Ordinary Share Capital a/c | 203290 | |
| Bank a/c | 340110 | |
| 340110 | 340110 | |
| Ordinary Share Capital a/c | ||
| Application and Allotment a/c | 203290 | |