Question

prosperous co limited issued 100000 shares for Rs. 10 premium 2 application 3 allotment 5 (premium 2) first and final call 4. 190000 applications received 10000 refunded excess transferred towards allotment and call Account​

Answer 1

Answer:

Explanation:

Application and allotment money of 1,00,000 shares transferred to Equity Share Capital Account at Rs 10 each and Securities Premium at Rs 5 each)

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