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#39: Question for the day (Adv. Accounting)
Accountancy
Write the answer on a sheet as you would write in the exam and send the photo by 8 pm. #LetsPractice Om Ltd. has its share capital divided into Equity Shares of Rs. 10 each. On 1st April 2020, the company offered 250 shares to each of its 520 employees at Rs. 60 per share, when the market price was Rs. 150 per share. The options were to be exercised between 01-03-2021 to 31-03-2021. 410 employees accepted the offer and paid Rs. 60 per share on purchased shares and the remaining options lapsed. You are required to show Journal Entries (with narrations) as would appear in the books of Om Ltd. for the year ended 31st March 2021 with regard to employee stock options. (5 Marks)
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