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A Ltd has 100,000 shares at 1 each to form an ordinary share capital of 100,000 and a balance on the share premium a/c of

A Ltd has 100,000 shares at 1 each to form an ordinary share capital of 100,000 and a balance on the share premium a/c of 50,000. It issues some bonus shares to existing shareholders at a rate of 1 share for every 5 shares held. This amount is to be financed by the share premium. Make the entries.

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