Premio Ltd. issued 50,000 Equity Shares of ₹ 100 each at a premium of ₹ 50 per share, payable as follows: ₹ 100 per share on Application; and Balance on Allotment.

The issue was subscribed and shares were issued to the applicants. Pass the necessary Journal entries.

Anurag Pathak Changed status to publish August 31, 2023