Sunslife Limited (SL) invited application for the issue of 1,00,000 equity shares of face value 10 each

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Sunslife Limited (SL) invited application for the issue of 1,00,000 equity shares of face value ₹10 each issued at a premium of 10% for cash all the shares were subscribed for and issued as per the rules. Another 50,000 equity shares of ₹10 were issued to the vendors of machinery. Show how financial assets, financial liabilities and equity instrument should be recognized.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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