DEC 2018

A. Three different between public company and private company.

Public Company Private Company

Word “Bhd” at the end name Word “sdn.Bhd” at the end of the name
Can issue share to the public Cannot issue share to the public
No maximum number of the owner Owner cannot exceed 50

B. a)

Ordinary Share Preference

Share
Issue 1m@2 800k@1.50
Apply 850k 900k
(undersubscribed) (oversubscribed)

Ordinary share Debit Credit

Received money: (850k x 2)
Bank 1,700,000
Application of Ordinary Share Capital 1,700,000

Application of Ordinary Share Capital 1,700,000

Ordinary share 1,700,000

Preference Share
Bank (900k x 1.50) 1,350,000
Application of Preference Share Capital 1,350,000

8% Preference Share Capital (800k x 1.50) 1,200,000

Bank (100k x 1.50) 150,000

Pawane Bhd
Statement of Financial Position as at 31 December 2018

RM
Issued and Fully Paid-Up Capital
(20m + 1m) 21,000,000 Ordinary Share (30m + 1.7m) 31,700,000
(8m + 800k) 8,800,000 8% Preference Share (8m + 1.2m) 9,200,000