Question

Rajan Ltd. purchased assets from Geeta & Co. for ₹ 5,00,000. A sum of ₹ 1,00,000 was paid by means of a bank draft and for the balance due Rajan Ltd. issued equity Shares of ₹ 10 each at a premium of 25%. journalise the above transactions in the books of the company.

Answer 1

Hey dude your answer is

Rajan had to pay 25 percentage of compensation to overcome it's fees

These above transaction shows above question

Answer 2

$Number of shares issued = 4,00,000/(10+2.5) = 32,000$