Accountancy, asked by sree7468, 11 months ago

Shiva Ltd. issued 1,00,000 Equity Shares of ₹ 10 each at a premium of ₹ 5 per share. The whole amount was payable on application. The issue was fully subscribed. Pass necessary Journal entries.

Answers

Answered by patelrasilaben92

2

Answer:

share of shiva Ltd a/c DR. 500000

to shiva Ltd a/c 500000

Answered by kingofself

1

Calculation of share capital:

Share capital= No of shares x (face value +premium)

= 100000 x (10 +5)

= Rs 15,00,000

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