Question

2. M 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
(a) Share are issued at par
(b) Issued at a premium 10%
(c) Issued at a discount of 10%

Answer 1

Explanation:

check the attachment please