JAMB - Accounts Principles Of Accounts (2025 - No. 61)

When shares are sold at less than the nominal value, it means they are issued at
a premium
par
a loss
a discount

Explanation

When shares are sold for less than their nominal (par) value, they are said to be issued at a discount. The nominal value is the face value stated in the company’s constitution. This typically occurs when a company requires immediate funds or struggles to attract investors.

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