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What is meant by ‘Issue of shares for consideration other than cash’? Give an example.

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

Sometimes company issues fully paid shares to the vendor from whom it buys assets. Such type of issue of shares to the vendor is called ‘Issue of shares for consideration other than cash.







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Previous PostWhere would you transfer the balance left in the share forfeited account after the reissue of such shares?
Next PostWhat is the name given to the ‘part of capital’ of a company which is Called-up only on winding up?

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