Question

Shyam Ltd. Purchased Machinery for Rs. 6,00.000 from Mohan Ltd. Of Rs. 2,00,000 were paid by
drawing a promissory note in favour of Mohan itd. The balance was paid by
muy shares of
Rs 10 each at a premium of 25%
21 Rashi ne issued 5,000 shares of Rs 10 each credited as fully paid to the promotere mer service
and issued 4.000 shares of Rs 10 each credited as fully paid to the underwaters for their services
Journalise these transactions

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Answer 1

Answer:

9,00,000

Explanation:

25% share = 93,000 stocks

50% share = 186,000 stocks

100% share = 279,000 stocks

transaction process avoids mistakes but some errors do happen