bharat ltd. issued 5,000 equity shares of rs 100 each to its promoters and 1000 equity shares of rs 100 each as fully paid to underwriters in lieu of their services at par. pass journal enteries in the books of the company.
Answers
Answered by
3
Explanation:
Bharat Ltd. issued 5,000 equity shares of 100 each to its promoters and 1,000 equity
shares of 100 each as fully paid to underwriters in lieu of their services at par.
Pass Journal entries in the books of the company.
Ans. J/E Formation Expenses (Dr.) * 5,00,000, Underwriting Com. (Dr.) 1,00,000)
Similar questions