Goodwill Trading Co. Ltd had issued share capital of ₹ 1,40,000 in Equity Shares of ₹ 100 each
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Bluechip Ltd. had issued 20,000 Equity Shares of ₹ 100 each for public subscription. The amounts were payable as follows:
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Home Depot Ltd. issued 20,000 Equity Shares of ₹ 10 each at par payable: on application ₹ 2 per share
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Silver & Gold Ltd. issued for subscription 1,35,000 Equity Shares of ₹ 10 each to the public at a premium of 10% on the following terms:
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Gold & Silver Ltd. issued for subscription 2,00,000 Equity Shares of ₹ 10 each to the public on the following terms:
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Sagar Ltd. issued a prospectus inviting applications for 30,000 shares of ₹ 10 each
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Lovely Ltd. issued 40,000 shares of ₹ 10 each payable as follows:
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Business Solutions Ltd. issued for subscription 20,000 shares of ₹ 100 each payable ₹ 25 on application
Solution:- In the Books of Business Solutions Ltd. Journal
GSC IT Solutions Ltd. issued 20,000 Equity Shares of ₹ 10 each payable as ₹ 3 on application
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