Question

Z ltd was registered with an authorised capital of 6000000 divided in 60000 equity shares of 100 each.Company issued 25000 equity shares at a premium of 20 per share payable as follows:30 on application ;45 on allotment(including premium); 20 on first call and 25 on second call. All shares were subscribed and all the money was duly received. Share issue expenses amounted to 40000 which were full written off against securities premium. Prepare journal

Answer 1

Explanation:

The answer of accountary is

= 490000