Question

Q1. journal entries for the following:
and purchased land and Building from R. Sundram for
5,00,000 payable
in fully paid shares of 100 each at a premium of 25%
id decided to issue 2.000 shares of 100 each to the Unit Trust of India as
underwriting commission
(ANS) 4000 shares of 100 each issued at 25 per share premium.​

Answer 1

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