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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Issues general ledger
Global link Ltd issued a prospectus inviting application for 270 000 ordinary shares of N$3 each and 270 000 worth of 7% debentures of N$90 each.
The ordinary shares were offered at premium at N$4.50 each. The debentures were offered at par , payable N$90 on application.
Application were receive for 290 000 ordinary shares and 3100 debentures.
All ordinary shares and debentures offered were allotted and excess money was refunded.
Record the above issue general ledger
Nothing do do with F1.
