Y plc issued 800,000 ordinary shares of 20p each at 25p each. At the point of issue

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Y plc issued 800,000 ordinary shares of 20p each at 25p each. At the point of issue all shares were fully called up. However, by the year-end £15,000 due on the share issue was yet to be received. What will be the amount reported as balance in the company’s Share capital account?

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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