On 1s: October, 2020. A Limited granted 25.000 Employees Stock Option at ? 70 per share....
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On 1s: October, 2020. A Limited granted 25.000 Employees Stock Option at ? 70 per share. The market price of share was 130 per share. The options were to be exercised between 1** December, 2020 and 31 March, 2021. The face value of shares is 10 each. The employees exercised option for 18,000 shares only and the balance options lapsed. The company closes its books of accounts on 31s March every year. Pass necessary journal entries with narration to record the transaction in the books of the company. On 1s: October, 2020. A Limited granted 25.000 Employees Stock Option at ? 70 per share. The market price of share was 130 per share. The options were to be exercised between 1** December, 2020 and 31 March, 2021. The face value of shares is 10 each. The employees exercised option for 18,000 shares only and the balance options lapsed. The company closes its books of accounts on 31s March every year. Pass necessary journal entries with narration to record the transaction in the books of the company.
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Journal entries for the share based payments of A limited Date Journal Ent... View the full answer
Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
Posted Date:
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