Question

a company issued 25000 equality shares of rs 10 each to the public whole amount of received in lamp sum pass journal entry in the books of company​

Answer 1

Explanation:

Bank Account Dr. 250000

To Equity Share Capital Account 250000

Answer 2

Answer:

In the Books of company

Journal

First entry :

Bank a/c (25000 × 10)➖➖➖ Dr. 2,50,000

To

equity share application

and allotment a/c ➖➖➖ Cr. 2,50,000

(Being the share application money received on 25,000 equity shares of rs. 10 each).

Second entry :-

Equity shares application and allotment a/c➖ Dr. 2,50,000

To

Equity shares capital a/c. ➖➖ Cr. 2,50,000

(Being the shares alloted and money transferred to equity share capital account).

Thanks