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Calculate the opening balance of Ordinary Share Capital.

Economics

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  1. Calculate the opening balance of Ordinary Share Capital.

    The company had 60% of the authorised shares in issue on 1 March 2024.
    Authorised shares: 2,000,000
    Shares in issue: 2,000,000×60%=1,200,0002,000,000 \times 60\% = 1,200,000 shares
    Average issue price: R10.00 per share
    Opening balance of Ordinary Share Capital:

    1,200,000 shares×R10.00/share=R12,000,0001,200,000 \text{ shares} \times R10.00/\text{share} = R12,000,000

  2. Calculate the transactions affecting Ordinary Share

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