Q 7 DK Goel Issue of Shares Solutions Class 12 CBSE (2024-25)

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Solutions of Question number 7 of Accounting for Companies Issue of shares chapter 6 of DK Goel Class 12 CBSE (2024-25)

Q. 7. Pushkar Ltd. invited applications for issuing 5,00,000 equity shares of ₹ 10 each at a premium of ₹ 3 per share. The whole amount was payable on application. The issue was fully subscribed.

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Pass necessary journal entries.

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[Ans. Securities Premium Account will be credited by ₹ 15,00,000.]

Solution:-

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Anurag Pathak
Anurag Pathak

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