Nazar Ltd., issued 10,000 equity shares of 100 each at par. The whole issue has been underwritten
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Nazar Ltd., issued 10,000 equity shares of ₹100 each at par. The whole issue has been underwritten by John & Co. for a commission of 2%. The company received applications only for 5,000 shares. All the applications were accepted. Give journal entries, assuming that all amounts due have been received.
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