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    durand's Avatar
    durand Posts: 35, Reputation: 1
    Junior Member
    		  
    #1

    Dec 18, 2010, 02:46 PM
    multiple choice question
    which event should not be recorded in a company ledger account:

    a)a bonus issue of shares
    b)a rights issue of shares
    c)a sale by a shareholder of shares at a price above nominal value
    d)an issue of the company shares at a price above nominal value

    i believe the answer is b but i am still now sure
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
    Ultra Member
    		  
    #2

    Dec 18, 2010, 04:08 PM

    The key to this question is whether the company is involved. Answers A, B and D are all transactions the company is making. Answer C is a sale of shares by a shareholder.
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