MBS678 Corporate Accounting

Task:

1.Provide general journal entries to record the share issue transactions (provide brief narrations) and indicate the balance in the cash at bank account assuming that no other transactions had taken place.
Provide written, researched answers to the following two questions.
2.What is meant by a forfeited shares reserve? What does it mean if a company has created a forfeited share reserve?
3.Discuss briefly the required disclosures for share capital and reserves

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