R360 000 being the proceeds of issuing 600 000 Ordinary shares of 50 cents each, has been posted from the Cash Book to the credit of the Share Capital account. How should this error be corrected? Dr Share Capital account R300 000, Cr Share Premium account R360 000 or Dr Cash account R360 000, Cr Share Capital account R300 000 and Cr Share premium R60 000 or Dr Suspense account R360 000 Cr Share Capital a/c R300 000 and Cr Share Premium R60 000 or Dr Share Capital account R60 000, Cr Share Premium R60 000

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.