The double entry Equity Case study no. 1: A mimber of persons and/or companies decide to setup a company having a 100,000 lei subscribed capital. Subsequently the shareholders deposit the subscribed capital into the company's bank account Homework: Based on the transactions that were recorded, fill in the corresponding Ledger and Final Balance Sheet Case study no. 2: At the beginning of the financial reporting period, FINCONT Ltd. has a social capital of 2,000,000 lei (divided into 20,000 shares) and other reserves of 200,000 lei The Shareholders' General Assembly approves the increase of the social capital by issuance of 4,600 new shares, as follows: a) 1,000 shares are distributed to existing shareholders due to incorporating 100,000 lei worth other reserves into the social capital; b) 3,000 shares are given to a new shareholder bringing as contribution a motor vehicle measured at a contribution value of 330,000 lei; c) 600 shares are subscribed by shareholders at an issue value (price) of 110 lei/share (their mathematical book value or share book value) and collected in total at subscription into the company's current bank account. Case study no. 3: SERVAUDIT Ltd. has the following financial position at the beginning of the financial reporting period: social capital 10,000 lei (subscribed and paid in) (divided into 2,000 shares) and cash at bank 10,000 lei. The Shareholders' General Assembly approves the decrease of the social capital by one of the shareholders who owns 1,000 shares redrawing from the company. The value of his shares is paid through bank transfer. Homework. Based on the transactions that were recorded, fill in the corresponding Ledger and Final Balance Sheet.
The double entry Equity Case study no. 1: A mimber of persons and/or companies decide to setup a company having a 100,000 lei subscribed capital. Subsequently the shareholders deposit the subscribed capital into the company's bank account Homework: Based on the transactions that were recorded, fill in the corresponding Ledger and Final Balance Sheet Case study no. 2: At the beginning of the financial reporting period, FINCONT Ltd. has a social capital of 2,000,000 lei (divided into 20,000 shares) and other reserves of 200,000 lei The Shareholders' General Assembly approves the increase of the social capital by issuance of 4,600 new shares, as follows: a) 1,000 shares are distributed to existing shareholders due to incorporating 100,000 lei worth other reserves into the social capital; b) 3,000 shares are given to a new shareholder bringing as contribution a motor vehicle measured at a contribution value of 330,000 lei; c) 600 shares are subscribed by shareholders at an issue value (price) of 110 lei/share (their mathematical book value or share book value) and collected in total at subscription into the company's current bank account. Case study no. 3: SERVAUDIT Ltd. has the following financial position at the beginning of the financial reporting period: social capital 10,000 lei (subscribed and paid in) (divided into 2,000 shares) and cash at bank 10,000 lei. The Shareholders' General Assembly approves the decrease of the social capital by one of the shareholders who owns 1,000 shares redrawing from the company. The value of his shares is paid through bank transfer. Homework. Based on the transactions that were recorded, fill in the corresponding Ledger and Final Balance Sheet.
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter11: Accounting For Transactions Using A General Journal
Section: Chapter Questions
Problem 3AP
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Transcribed Image Text:The double entry
Equity
Case study no. 1: A mumber of persons and/or companies decide to setup a company having a 100,000 lei
subscribed capital. Subsequently the shareholders deposit the subscribed capital into the company's bank
acCount
Homework: Based on the transactions that were recorded, fill in the corresponding Ledger and Final
Balance Sheet
Case study no. 2: At the beginming of the financial reporting period, FINCONT Ltd. has a social capital of
2,000,000 lei (divided into 20,000 shares) and other reserves of 200,000 lei The Shareholders General
Assembly approves the increase of the social capital by isuance of 4,600 new shares, as follows:
a) 1,000 shares are distributed to existing shareholders due to incorporating 100,000 lei worth other
reserves into the social capital;
b) 3,000 shares are given to a new shareholder bringing as contribution a motor vehicle measured at a
contribution value of 330,000 lei,
c) 600 shares are subscribed by shareholders at an issue value (price) of 110 lei'share (their
mathematical book value or share book value) and collected in total at subscription into the
company's current bank account.
Case study no. 3: SERVAUDIT Ltd. has the following financial position at the beginning of the financial
reporting period: social capital 10,000 lei (subscribed and paid in) (divided into 2,000 shares) and cash at
bank 10,000 lei. The Shareholders General Assembly approves the decrease of the social capital by one of
the shareholders who owns 1,000 shares redrawing from the company. The value of his shares is paid
through bank transfer.
Homework: Based on the transactions that were recorded, fill in the corresponding Ledger and Final
Balance Sheet.
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