Illustration 7 (Issue of Shares at Premium, Fully Subscribed, Amount Payable in Lump Sum).
Wye Ltd. issued 20,000 Equity Shares of 7 10 each at a premium of 2 payable along with
application. All the shares were applied and duly allotted. Pass necessary Journal entries a
also draw the Balance Sheet of the Company.
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the ans of u re question is first we draw the balance sheet we have
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1st brainalist Mark me sorry
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