Question

3,000 Shares of ₹10 each were issued to the Promoters for their services at a
premium of 5 per share. Give Journal entry.
how to solve this question​

Answer 1

Answer:

Goodwill a/c dr 30000

       To share capital 15000

       To Securities premium reserve 15000

Explanation:

Answer 2

Answer:

incorporation cost Dr. 45000

To Share capital 30000

To Security Premium reserve 15000

(Being 3000 sh. issues to promoter @10each at Premium 5)