When par value share is issued, share capital is credited with the par value of the shares issued, regardless of whether the issuance price is equal to par, more than par, or less than par.

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Quizplus · Accepted Answer

This statement is true. When par value shares are issued, the share capital is always credited with the par value of the shares, regardless of the issuance price. This means that even if the issuance price is more than or less than par, the share capital account will still be credited with the par value.

When Par Value Share Is Issued, Share Capital Is Credited