Kaushal limited had issued shares for inviting applicants to subscribe to the share capital

However it received the application in axcess to the shares issued in the absence of adequate knowledge regarding the treatment of the same you are required to guide them with respect to the options available in case of owner subscription with help of necessary journal entry

Also provide them with the options which are available in the light of the provisions of the companies Act,2013 as to the utilisation of the amount of securities and premium account.