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Financing of companies

Financing of companies. Shares II 2.3.4(a). Issue of shares by instalment. Authorised capital of RM200,000 comprising of 200,000 Ordinary shares of RM1 each. 10,000 Ordinary shares of RM1 each offered for application at RM1.20 each on the following term of payment: Application 30 sen

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Financing of companies

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  1. Financing of companies Shares II 2.3.4(a)

  2. Issue of shares by instalment Authorised capital of RM200,000 comprising of 200,000 Ordinary shares of RM1 each. 10,000 Ordinary shares of RM1 each offered for application at RM1.20 each on the following term of payment: Application 30 sen Allotment 50 sen (including premium) Call 1 20 sen Call 2 20 sen

  3. Shares applied in full and payment on application and allotment received accordingly. Application: Dt Bank 3,000 Cr App 3,000 Allotment: Dt Bank 3,000 Cr Allot 3,000 Dt App 3,000 Cr OSC 3,000 Dt Allot 5,000 Cr OSC 3,000 Cr Sh Prem 2,000

  4. When Call 1 made Dt. Call 1 2,000 Cr OSC 2,000 1- fully paid Dt. Bank 2,000 Cr OSC 2,000 2- only half paid Dt. Bank 1,000 Cr Call 1 2,000 Dt. Call in arrears 1,000

  5. Dt. Call 1 2,000 Cr OSC 2,000 3 – If payment received for Call 1 and 2 Dt. Bank 4,000 Cr Call 1 2,000 Cr Call in advance 2,000

  6. Balance sheet : Allotment RM Asset : Cash 8,000 ***************************************************************************** Authorised capital 200,000 OS of RM1 each 200,000 Issued and paid-up capital 10,000 OS of RM1 each paid up to 60 sen 6,000 Share premium 2,000

  7. Balance sheet : Call 1 1- fully paid RM Asset : Cash 10,000 ********************************************************************** Authorised capital 200,000 OS of RM1 each 200,000 Issued and paid-up capital 10,000 OS of RM1 each paid up to 80 sen 8,000 Share premium 2,000

  8. 2 – only half paid RM Asset : Cash 9,000 ********************************************************************** Authorised capital 200,000 OS of RM1 each 200,000 Issued and paid-up capital 10,000 OS of RM1 each paid up to 80 sen 8,000 Share premium 2,000 Less : Call in arrears (5,000 shares) (1,000) 9,000

  9. 3 – payment received for Call 1 and 2 RM Asset : Cash 12,000 ************************************************************************** Authorised capital 200,000 OS of RM1 each 200,000 Issued and paid-up capital 10,000 OS of RM1 each paid up to 80 sen 8,000 Share premium 2,000 Add : Call in advance (10,000 shares) 2,000 12,000

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