Accountancy, asked by akanksha412097, 5 months ago

A company issued 6000 6 percent preference shares of rupees 10 each issued to promoters . pass journal entries​

Answers

Answered by rushikadam10
1

Explanation:

Promoters are the person who brings the company in to existence. For this work done, they are remunerated in the form of shares. The goodwill account is debited in case shares are issued to promoters as they are not the shareholders of the company

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