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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.

Pass necessary journal entries.

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

Anurag Pathak Answered question October 9, 2024
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