Question

AB&C Company has registered with authorized capital of 50,00,0000 shares of par value Rs.10 each in 2016. The company issued 70% shares at a price of Rs.15 per share. All issued shares has been subscribed and paid. You are required to creates an artificial company of this available capital and pass at least 50 transactions that are necessary to operate the business operations. Also pass journal entries, prepare the ledgers, trail balance, and all financial statements. Please send me journal Entries​

Answer 1

Explanation:

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