Question about Myob Accounting Plus (BPJUBC00) for PC, Mac
Mac limited was registered on 1 July 20.7 with an authorized share capital of R300 000 made up 150 000 ordinary shares of R2 each. 80 000 shares are offered for subscription at R2.30 each. Application is received for 90 000 shares and only allowable shares were allotted, the other shares were refunded and share issue expenses amounted to R5600. Required 1.1 Prepare the journal entries for application received, allotment of shares, and refund of shares and payment of share issues expenses. 1.2 Post the transaction to General ledger.
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Posted on Jan 02, 2017
You would have to post the entry as last financial year, just to keep it all ligit. After you have done so check that your retained years earnings are correct!.
Posted on Aug 04, 2009
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