Sumathi Ltd. issued 2,00,000 equity shares of 10 each to the public. The issue was fully subscribed

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Sumathi Ltd. issued 2,00,000 equity shares of ₹10 each to the public. The issue was fully subscribed by the public and the amount has been paid in one single instalment. Pass the required journal entries in the book of the company, if:

(a) The shares were issued at par.

(b) The shares were issued at a premium of 10%

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 30, 2023 06:55 AM

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Sumathi Ltd. issued 2,00,000 equity shares of 10 each to the public. The issue was fully subscribed

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Date Journal Entries Particulars Shares issued at par ...View the full answer

Corporate Accounting

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