puskar ltd. invited application for issuing 500000 equity shares of rs.10 each at a premium of rs.3 per share. the whole amount was payable on application the issues was fully subscribed.
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Bank Account Dr. 6500000
To share application and allotment a/c 6500000
Share application and allotment A/c Dr. 6500000
To share capital 5000000
To security premium reserve a/c 1500000
To share application and allotment a/c 6500000
Share application and allotment A/c Dr. 6500000
To share capital 5000000
To security premium reserve a/c 1500000
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