5. Al Hayan LLC had issued 450,000 equity shares for OMR 1 per share. The company's share premium account showed a balance of OMR 750,000. By capitalizing the share premium account it makes bonus issue as 1 for 5 equity shares. Journalize the information. Dr. Share Premium OMR 90,000 Cr. Share capital OMR 90,000 Dr. Share Premium OMR 450,000 Cr. Share capital OMR 450,000 Dr. Share Premium OMR 750,000 Cr. Share capital OMR 750,000 None of these

5. Al Hayan LLC had issued 450,000 equity shares for OMR 1 per share. The company's share premium account showed a balance of OMR 750,000. By capitalizing the share premium account it makes bonus issue as 1 for 5 equity shares. Journalize the information. Dr. Share Premium OMR 90,000 Cr. Share capital OMR 90,000 Dr. Share Premium OMR 450,000 Cr. Share capital OMR 450,000 Dr. Share Premium OMR 750,000 Cr. Share capital OMR 750,000 None of these

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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