Issue of shares for consideration other than cash|| class 12 || account || share capital||

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✓✓What is an example of issue of shares issued for consideration other than cash??
✓✓Can shares be transferred for consideration other than cash?

✓When any asset is acquired by a company, the payment of purchase price may be made by the issue of shares or in cash to the vendor.
✓When shares are issued against the purchase price, it is called 'Issue of shares for consideration other than cash'.
✓ In other words cash is not received by the company against such shares.

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