Question

to provide employment to the youth and to develop Baramulla district of Jammu and Kashmir Jyoti power Ltd dot decided to set up a power plant for raising funds the company decided to the issue 850000 equity shares of rupees 10 each share were received applications for 3 lakh shares rejected and shares were allotted to the remaining applicants on Pro databases

Answer 1

bank ac. Dr. 8500000
to share app 850000
share app ac dr. 8500000
to share capital 8150000
to bank. 350000