Accountancy, asked by khannoshin110, 1 month ago

Sumit Ltd. Purchased a machine of 5,00,000 from Harish. 50% of the payment was made by
cheque and for the remaining the company issued equity shares of 10 each at a premium of
20%. Give necessary journal entries in the books of Sumit Ltd. for the above transactions.

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Answered by kaurcindrella4

5

The answer was in the above attachment.

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