Question

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(Q. No. 1 to 9 ale Jon
0. 1. Ashoka Paper Ltd, issued 2,00,000 Equity Shares of 10 each ar.
of *1 per share; 5,000 Preference Shares of 100 each at par, and 1,000 Deben
2100 each at 5% discount.
Paradise Ltd, underwrite the whole of the issue for a commission of 260
equity shares, 1.5% on preference shares and 1% on debentures on the issue price
public applied for 2,00,000 equity shares, 4,000 preference shares and 800 debent
and these were allotted to them accordingly.
Assuming that all payments have been duly received, pass journal entries and
show the Balance Sheet in the books of Ashoka Paper Ltd.​

Answer 1

Explanation:

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