X Ltd invited application to issue 20,000 equity shares of face value 10 each at par. The

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X Ltd invited application to issue 20,000 equity shares of face value ₹10 each at par. The complete amount is to be paid with the application. The company received application for

(a) 20,000 shares;

(b) 18,000 shares;

(c) 25,000 shares. The shares were issued as per the provisions of law. Pass necessary journal entries in the books of accounts.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 19, 2023 05:51 AM

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X Ltd invited application to issue 20,000 equity shares of face value 10 each at par. The

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a The company has received the exactly 100 subscription Journal of X Ltd Date Particulars Date Bank ac To Equity Share Application and Allotment ac Application money 10 per share received for 20000 eq...View the full answer

Financial Accounting

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