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Jyoti power ltd decided to issue …

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Jyoti power ltd decided to issue 8,50,000 equity share of Rs 10 each at a premium of Rs 3 per share. The whole amount was payable on application. Applications for 20,00,000 shares were recieve. Applications for 3,00,000 shares were rejected and shares were alloted to the remaining on pro-rata basis. Pass the necessary Journal entries for the above transaction in the books of the company.

Posted by Devender Rao 6 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

C S 6 years, 3 months ago

bank a.c. Dr to share application

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