Question

A company issued 6000 6% preference shares of ₹ 10 each issued to promoters . pass journal entries.Plzz Solve this question.​

Answer 1

Answer:

1 ..promoters expenses a/c...Dr to promoter a/c

2.. promoter a/c ...Dr to 6%preference shares

face value will be 6000×10=60000 on both journal