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Issu of share

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sushama shedekar

sushama shedekar

CA Foundation

3K+

13-Aug-20 10:47

36

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Lavanya Chitturi

Lavanya Chitturi

Moderator

13-Aug-20 11:59

Building a/c .... Dr 10,00,000 To Bank a/c. 1,00,000 To Equity share capital a/c 7,50,000 To Securities premium a/c 1,50,000 Here balance amount (10,00,000 - 1,00,000) will be raised by equity shares issued at premium of Rs 2 i.e,, Rs 12 Hence (9lac/12 = 75,000 shares) for which nominal value should be credited to equity share capital and premium should be credited to Securities premium.


VIJAYA SARADHI MAGANTI

VIJAYA SARADHI MAGANTI

CA Foundation

850

12-Sep-20 11:26

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