Modi Properties Senior Manager Finance Interview Questions and Answers

Shares issued are recorded as an increase in equity capital.

• Shares issued are recorded in the equity section of the balance sheet.

• The entry involves debiting the cash account and crediting the common stock or preferred stock account.

• The amount credited to the stock account is the par value of the shares multiplied by the number of shares issued.

• If the shares are issued at a premium, the excess amount received over the ...read more