On 1st April, 2013 CTS Ltd. granted 10,000 shares to employees and directors under stock option scheme
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On 1st April, 2013 CTS Ltd. granted 10,000 shares to employees and directors under stock option scheme at ₹100 (face value ₹10 and market value ₹130). The vesting period was three years. The maximum exercise period was 1 year. All the options were exercised by the employees on 30th November 2016. You are required to pass necessary journal entries for recording the transactions.
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To record the grant of shares on 1st April 2013 Emplo...View the full answer
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Related Book For 
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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