plz solve!! 4. A company was formed on 1 March 2018by issuing 5,000,000 equity shares at OMR0.400 each.Pass the journal entries for the aboveinformation .Dr. Bank 2,000,000 Cr. Equity ShareCapital 2,000,000Dr. Share capital 2,000,000 Cr. Bank2,000,000Dr. Bank 3,000,000 Cr. Equity ShareCapital 3,000,000O None of these

Given Information : Issue of Equity Share = 5000,000 Share Price = OMR 0.400 each

Answered: 4. A company was formed on 1 March 2018…

4. A company was formed on 1 March 2018 by issuing 5,000,000 equity shares at OMR 0.400 each. Pass the journal entries for the above information .

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: how did u get that answer in the table? the present value? please solve

A: Here, First Cost is $8,914,223 Annual Operating Cost id 4281,740 Salvage Value at the end of 6 year…

Q: Q 2. Why We go for Ad-hoc Networking if we have a well-structured networking available? Explain

A: Connecting two computers does not always require a centrally managed network. Instead , users can…

Q: Draw ALL products of the following NH + H2O -->

A: Approach to solving the question: Detailed explanation: Examples: Key references:

Q: I'd like the 1st question answered please for problem 23

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Required: a. Prepare a statement of LLC liquidation. b. Provide the journal entry for the final cash…

A: Given Information: Lester Capital = $48,630 Torres Capital = $65,630 Hearst Capital = $26,190…

Q: Question 10 Listen Based on the piecewise function given below, what is f(2)? x², x≤ -5 f(x)=x+3,…

A: Step 1:

Q: Q1\ What are the reasons for a transaction to fail? What are the difference between more common…

A: Transaction can be defined as the instance of buying or selling something. Transactions are…

Q: What islockbox system?

A: Banks provide various services to the organizations such as lock box facility, overdraft facility,…

Q: 4. What do the following acronyms stand for: FICA, FUTA, and SUTA?

A: Governments levy taxes on their residents to create revenue for initiatives that benefit the…

Q: hi, can I get the solution or the computation?, thank you!

A: Journal entries (JF) refers to the very basic step in the accounting cycle and records the daily…

Q: What is the meaning of V MFG Ohs, V S&A Ohs, F MFG Ohs snd F S&A Ohs on the chat answer

A: V MFG Ohs, V S&A Ohs, F MFG Ohs and F S&A Ohs, these are the short form some of the titles…

Q: Only typed solution

A: The objective of the question is to derive the steady state capital per worker (k) from the given…

Q: Identify the correct payoff row. A. اذان اذان B. C. D. Position Long Call Short Put Short Call Long…

A: Long call=max(stock price- strike price,0. = Max(0,st-x)Short call = -(max(0,(stock price- strike…

Q: Compare between Virtual merchant and Bricks-and-clicks e-tailers.

A: Business model Business model refers to the plan of a company by following which the business sells…

Q: rmn.3 answer must be in table format or i will give down vote

A: Approach to solving the question:I need more context about this. If you give me more information…

Q: Show me the function

A: Nominal Return: It is the rate of return earned on an investment prior to any deductions regarding…

Q: Is DDM and CAPM suppose to be the same numbe

A: There are many ways to do valuation of stock one is DDM and other is CAPM these are two important…

Q: I need answer typing clear urjent no chatgpt used i will give upvotes

A: Step 1:Given that F(s)=s6(s2+1)1=fˉ(s)gˉ(s)(say)where fˉ(s)=s61=5!1.s65!,taking inverse…

Q: Using Ai leads to downvote 10. Explain the concept of truth tables in logic design.

A: A truth table is a mathematical table that is used in logic design to show the functional values of…

Q: 29. A residential property is assessed for tax purposes at 39% of its market value. The residential…

A: Because you have posted multiple questions, wew ill answer the first question only, for the…

Q: Vhhhbbbbbbbnn

Q: Big help please

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: What is PNL?

A: The term PNL is used in accounting, finance, and business to refer profit and loss.

Q: that particular year? Take ross income for oil as 22%.

A: Pay as you earn system or tax deduction at source in some countries are the advance tax payment…

Q: dgdfdgdhfgff

A: It looks like your message might have been incomplete or accidentally sent. How can I assist you…

Q: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for…

Q: Zhhshsdhhsdhhsjsjshsnsns

A: Key references: Dwivedi, Y. K., Kshetri, N., Hughes, L., Slade, E. L., Jeyaraj, A., Kar, A. K., ...…

Q: I need both answers pls explanation I need answer typing clear urjent no chatgpt used i will give…

A: Step 14. 1.Nullity can be calculated by using the formula: nullity of a matrix = number of columns…

Q: Whatisthedifferencebetweensimpleinterestandcompoundinterest?

A: Interest: Interest is the amount of interest paid on the issue price of the notes by the issuer at…

Q: = Use the simplex method to solve the problem. The maximum value is P=when x₁ = and x₂ =. (Simplify…

A: Problem isMax Z=4x1+12x2subject to2x1+x2≤4x1+5x2≤4and x1,x2≥0;The problem is converted to canonical…

Q: What is forecasting risk and how can it affect decision making?

A: Forecasting risk means uncertainty or potential errors associated with making predictions or…

Q: Final T&SC PP = $ ? where answer for this.?

A: Final taxes and charges and service fess is the cost of the taxes and charges which has been charged…

Q: I need answer typing clear urjent no chatgpt used i will give upvotes full explanation plz

A: Role of Nanomaterials in Chemical Engineering Technologies as follows: 1.Monitoring and sensing of…

Q: at is busd What is xrp How they

A: What is busd ? The New York State Department of Financial Services (NYDFS) has authorised Binance…

Q: What is The NPV for Machine B=

A: NPV will be calculated as follows:-NPV =

Q: I need answer typing clear urjent no chatgpt used i will give upvotes

A: To solve this problem, we need to find matrices P and C such that A=PCP−1, where C has the form:…

Concept explainers

Real Estate

Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.

Question

plz solve!!

4. A company was formed on 1 March 2018
by issuing 5,000,000 equity shares at OMR
0.400 each.
Pass the journal entries for the above
information .
Dr. Bank 2,000,000 Cr. Equity Share
Capital 2,000,000
Dr. Share capital 2,000,000 Cr. Bank
2,000,000
Dr. Bank 3,000,000 Cr. Equity Share
Capital 3,000,000
O None of these

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Required information [The following information applies to the questions displayed below.] Consider the following narrative describing the process of filling a customer's order at a Starbucks branch: Identify the start and end events and the activities in the following narrative, and then draw the business process model using BPMN: the Starbucks customer entered the drive-through lane and stopped to review the menu. He then ordered a Venti coffee of the day and a blueberry muffin from the barista. The barista recorded the order in the cash register. While the customer drove to the window, the barista filled a Venti cup with coffee, put a lid on it, and retrieved the muffin from the pastry case and placed it in a bag. The barista handed the bag with the muffin and the hot coffee to the customer. The customer has an option to pay with cash, credit card, or Starbucks gift card. The customer paid with a gift card. The barista recorded the payment and returned the card along with the…
What does XBRL stand for?
how do you calculat mpg in excel?
I need typing clear urjent no chatgpt use i will give 5 upvotes full explanation
I need answer typing clear urjent no chatgpt used i will give upvotes all answers pls
only answer d now please
Define Tagging in XBRL
What is greenmail?
hi im looking at the solution above and have a quuestion-im a littlepuzzled on exactly how i should be plugging in the numbersfor example, the chart liists Time (ln2/(ln(1+r)) but how exactly should i type this in my calculatorto get =l3/J3? maybe im overthinking it
Engineering economy. How do you solve problem 4
myedio.com Question 12 Listen Use the function f(x)=2x-5 • Find the inverse of f(x). . . Graph f(x) and f(x) and state the domain of each function. Prove that f(x) and f¹(x) are inverses, both graphically and algebraically. ATTACHMENTS W Algebra2 U9 UnitTest_Q17 docx 146.32 KB
Explain the Golsen Rule and, in your own words, provide an example of the application of the Golsen Rule. 4 MacBook Air Fo