Question

6. Rajan and Shyam have underwritten the issue of 10,000 equity shares of R
by X Co. Ltd., in the ratio of 6:4. The Company received 8,000 applica
which 4,000 and 2,500 were marked in favour of Rajan and Shyam respe
Determine the obligations of the underwriters and give journal entries in the h
the company
(Ans : Net Liability : Rajan - 1,100
Shyam - 900​

Answer 1

Answer:

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Answer 2

Answer:

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