Journalise the following transactions: a. A Ltd. issued 40,000 shares of 10 each for cash. The whole

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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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Related Book For  answer-question

Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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