An ordinary share of ₦100 was issued at ₦80. The share was issued at

Accounts - Principles of Accounts JAMB 2019

An ordinary share of ₦100 was issued at ₦80. The share was issued at

  • premium
  • par
  • discount checkmark
  • loss

The correct answer is: C

Explanation

Share issued at discount is a situation whereby shares are quoted below the nominal value.

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