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We have a Share option reserve at the end of 3rd year of $300,000 for 30,000 shares and the excise price of $20/share

<p>Can anybody provide Journal Enrties at the time of exercise of share options.</p>

Accounting IAS IFRS Finance
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Question added by Rashad Moursi , Financial and Administrative Officer & international Business Transformer, Hotel Owner Reprs. , Investment and financial
Date Posted: 2014/09/20
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VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Journal Entries:

DR  Share Option Reserve:3,00,000   >>>>>>>>>>>>@ $10 PER SHARE

DR Bank A/c:                      6,00,000   >>>>>>>>>>>>@ $20 PER SHARE

CR Share capital A/c                          3,00,000  >>>>>@ $10 PER SHARE 

CR SHARE PREMIUM A/C                6,00,000  >>>>>@ $20 PER SHARE

Deleted user
by Deleted user

The journal entry will be as follows :

 

Share Option Reserve                       Dr.300,000/-

Paid-up Share Captial                                                       Cr.300,000/-

 

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