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AUDIT Objectives determine whether:A. Share capital accounts and advance against future issue of share capital represent all amounts paid in for preferred or share capital issued and amounts paid
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Share capital accounts are accounts maintained by a company to track the total amount of capital raised by issuing shares.
Companies that issue shares as a form of raising capital are required to file share capital accounts.
Share capital accounts can be filled out by recording the details of shares issued, including the number of shares, the price per share, and any additional information required by the regulatory authorities.
The purpose of share capital accounts is to provide transparency and accountability regarding the capital raised by the company through share issuance.
The information reported on share capital accounts should include details of shares issued, the total amount of capital raised, any changes in share ownership, and any other relevant information.
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