Question

11. a) B Ltd., issued 50,000 equity shares of Rs.10 each to the public on

condition that full amount of shares will be paid in a lump sum. All

these shares were taken up and paid by the public. Pass journal

entries in the books of the company when​

Answer 1

Answer:

bank A/C.... dr. 5,00,000

to equity share application account 5,00,000

equity share application account.... dr. 5,00,000

to equity share capital account 5,00,000