Accounting for Shares and debentures

The great resource for you at an unbelievable Price. This nicely animated Powerpoint presentation covers 17 difeferent Topics. What you want to learn about shares and Debentures. all are explained in this single presentation. Then what are you waiting for? Please don’t forget to give me a 5 star and your feedback.

After studying this chapter, you will be able to:

• Explain the basic nature of a joint stock company as a form of business organisation and the various kinds of companies based on liability of their members
• Describe the types of shares issued by a company
• Explain the accounting treatment of shares issued at par, at premium and at discount including oversubsription
• Outline the accounting for forfeiture of shares and reissue of forfeited shares under varying situations
• Workout the amounts to be transferred to capital reserve when forfeited shares are reissued; and prepare share forfeited account
• State the meaning of debenture and explain the difference between debentures and shares
• Describe various types of debentures;
• Record the journal entries for the issue of debentures at par, at a discount and at premium
• Explain the concept of debentures issued for consideration other than cash and the accounting thereof
• Explain the concept of issue of debentures as a collateral security and the accounting thereof
• Show the items relating to issue of debentures in company’s balance sheet
• Describe the methods of writing-off discount/loss on issue of debentures
• Explain the methods of redemption of debentures and the accounting thereof
• Explain the concept of sinking fund, its use for redemption of debentures and the accounting thereof

Topic List

• Features of a Company
• Kinds of Companies
• Share Capital of a Company
• Nature and Classes of Shares
• Issue of Shares
• Accounting Treatment
• Forfeiture of Shares
• Meaning of Debentures
• Types of Debentures
• Issue of Debentures
• Over Subscription
• Terms of Issue of Debentures
• Interest on Debentures
• Writing-off Discount/Loss on Issue of Debentures
• Redemption of Debentures
• Redemption by Payment in Lump Sum
• Sinking Fund Method