Journalise the following transactions: a. A Ltd. issued 40,000 shares of 10 each for cash. The whole
Question:
Journalise the following transactions:
a. A Ltd. issued 40,000 shares of ₹10 each for cash. The whole amount is duly received.
b. AB Ltd. issued 10,000 shares of ₹10 each for cash at premium of ₹2 each. The whole amount is duly received.
c. ABC Ltd. issued 1,00,000 shares of ₹10 each for cash at a discount of 10 percent. The whole amount is duly received.
d. N Ltd. issued 20000 shares of ₹10 each to a promoter for services rendered.
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Here are the journal entries for the given transactions a A Ltd issued 40000 shares of 10 each for c...View the full answer
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