Question

ABC
limited issued 20000 equity shares Of Rs 10 each at part. The whole amount was payable on application The public applied for all shares and the shares were duly alloted pass the necessary journal entries in the book of company​

Answer 1

Answer:

bank a/c dr 2,00,000

to equity share application a/c 2,00,000

equity share application a/c dr 2,00,000

to equity share capital a/c 2,00,000