Question

Company Alpha Trading Ltd. has a share capital of 2,000 shares, issued at the par value of 100 RON/share. In September N the company issues another 1,000 shares at 150 RON/share. On 30^th September N all the shares were subscribed but contribution has not yet been paid. On 31^st of October N, the shareholder paid the contribution. Which of the following is correct?

Choose one

On 31.10.N cash decreases with 100,000 RON

On 31.10.N the shareholders’ receivable increases with 150,000 RON

On 30.09.N the subscribed and paid in share capital increases with 150,000 RON

On 30.09.N a share premium is recognised for the amount of 50,000 RON

Answer 1

Date	Particulars	Debit(RON)	Credit(RON)
31.09.N(Date of Subscription or Contribution)	Subscription/Contribution Receivables Dr	150000
	To Share Capital or paid in capital (1000*100RON)		100000
	To Share Premium		50000
	(Being 1000 share are subscribed @150RON each of face value of RON100)
31.10.N(Date of receipt for subscription or contribution)	Cash Dr	150000
	To Subscription/Contribution Receivable		150000
	(Being Contribution/ subscription received)

#On 31.10.N cash decreases with 100,000 RON

-FALSE. As on 31.10.N , Cash inreeases with 150000 RON.

#On 31.10.N the shareholders’ receivable increases with 150,000 RON

-FALSE. As on 31.10.N , share hloders receivables or Subscription receivable decreases by 150000 RON.

#On 30.09.N the subscribed and paid in share capital increases with 150,000 RON

-FALSE. As on 30.09.N, Subscribed and paid in captal increases with 100000 RON.

#On 30.09.N a share premium is recognised for the amount of 50,000 RON

-TRUE. On 30.09.N share premuim is 50000 RON