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Question-2.
Evon, a limited liability company, issued 1,000,000 ordinary shares of 25c each at a price of $1·10 per share, all received in cash.
What should be the accounting entries to record this issue?
A Debit: Cash $1,100,000
Credit: Share capital $250,000
Share premium $850,000
B Debit: Share capital $250,000
Share premium $850,000
Credit: Cash $1,100,000
C Debit: Cash $1,100,000
Credit: Share capital $1,100,000
D Debit: Cash $1,100,000
Credit: Share capital $250,000
Retained earnings $850,000.
Trước tiên, em nói thẳng thắn là em mới tập sự. Do đó, ko hiểu 1 vấn đề rất cơ bản: issued 1,000,000 ordinary shares of 25c each at a price of $1·10 per share nghĩa là sao??? Em không hiểu. Mọi người chỉ giáo giùm cho.
Thêm một câu nữa.
3 P and Q are in partnership, sharing profits equally.
On 1 January 2005, R joined the partnership and it was agreed that from that date all three partners should share equally in the profit.
In the year ended 30 June 2005 the profit amounted to $300,000, accruing evenly over the year, after charging a bad debt of $30,000 which it was agreed should be borne equally by P and Q only.
What should be the partners’ total profit shares for the year ended 30 June 2005?
A P-95,000 Q-95,000 R-110,000
B P-122,500 Q-122,500 R-55,000
C P-125,000 Q-125,000 R-50,000
D P-110,000 Q-110,000 R-50,000
Em ko hiểu cái 30.000 kia sẽ giải quyết như thế nào.
Chân thành cảm ơn mọi người rất nhiều.
Evon, a limited liability company, issued 1,000,000 ordinary shares of 25c each at a price of $1·10 per share, all received in cash.
What should be the accounting entries to record this issue?
A Debit: Cash $1,100,000
Credit: Share capital $250,000
Share premium $850,000
B Debit: Share capital $250,000
Share premium $850,000
Credit: Cash $1,100,000
C Debit: Cash $1,100,000
Credit: Share capital $1,100,000
D Debit: Cash $1,100,000
Credit: Share capital $250,000
Retained earnings $850,000.
Trước tiên, em nói thẳng thắn là em mới tập sự. Do đó, ko hiểu 1 vấn đề rất cơ bản: issued 1,000,000 ordinary shares of 25c each at a price of $1·10 per share nghĩa là sao??? Em không hiểu. Mọi người chỉ giáo giùm cho.
Thêm một câu nữa.
3 P and Q are in partnership, sharing profits equally.
On 1 January 2005, R joined the partnership and it was agreed that from that date all three partners should share equally in the profit.
In the year ended 30 June 2005 the profit amounted to $300,000, accruing evenly over the year, after charging a bad debt of $30,000 which it was agreed should be borne equally by P and Q only.
What should be the partners’ total profit shares for the year ended 30 June 2005?
A P-95,000 Q-95,000 R-110,000
B P-122,500 Q-122,500 R-55,000
C P-125,000 Q-125,000 R-50,000
D P-110,000 Q-110,000 R-50,000
Em ko hiểu cái 30.000 kia sẽ giải quyết như thế nào.
Chân thành cảm ơn mọi người rất nhiều.