Question

A Ltd. Company issued 25,000 equity shares of Rs.100 each at a premium of 10% pass Journal entry.

Answer 1

Answer:

bank a/c. dr. 275000

to equity share application and allotment a/c. 275000

( being application and allotment money received)

equity share application and allotment a/c. dr. 275000

to equity share capital a/c. 250000

to security premium reserve. 25000

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