Practice question

MCQ

Question

When shares are issued for purchase of assets, which is the correct entry for issue of shares at par ?

Options

Choose one · Correct answer highlighted

Assets A/c Dr. To Vendor Vendor A/c Dr To Share Capital A/c Correct Share Capital A/c Dr To Vendor A/c Vendor A/c Dr To Asset A/c

Explanation

Vendor A/c Dr To Share Capital company accounts correct; share issue forfeiture pro-rata per Companies Act.

Share this question

Discussion

Comments

0 comments

Please log in to join the discussion.

No comments yet. Be the first to start the discussion.

Related blogs

Guides and insights connected to this topic

Class IX Science 14 Sep 2026

Tissues in Action Notes - Plant and Animal Tissues, Meristematic, Epithelial, Connective and Muscular

Explore how cells form tissues in plants and animals, covering meristematic, epithelial, connective and muscular types, and why their structures differ.

Class IX Science 14 Sep 2026

Exploring Mixtures and their Separation Notes - Types of Mixtures, Separation Methods and Solutions

Learn how mixtures are classified as homogeneous or heterogeneous and discover basic separation methods such as filtration, evaporation and distillation.

Class IX Science 14 Sep 2026

Journey Inside the Atom Notes - Atomic Structure, Bohr Model and Electronic Configuration

Explore the fundamentals of atoms, from ancient ideas to Dalton's theory, Bohr's model, and electronic configuration in clear notes.