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(a) Satya Ltd. invited application for 20,000 Equity Shares of ₹ 10 each at a premium of ₹ 4 per share. The issue price is payable on application. Issue was fully subscribed. Pass necessary Journal entries.

(b) Krishna Ltd. was registered with an authorised capital of ₹ 10,00,000 divided into equity shares of ₹ 10 each. It issued 40,000 shares to the public at a premium of ₹ 2 each, payable as ₹ 2 on application, ₹ 5 on allotment (including premium), ₹ 3 on first call and ₹ 2 on second and final call.

(c) New Era Ltd. issued 40,000 shares of ₹ 100 each at a premium of ₹ 20 payable as: ₹ 50 on application, ₹ 40 on allotment and ₹ 30 on first and final call. Issue was fully subscribed and amounts were durly received. Give the necessary Journal entries in the books of the company.

Anurag Pathak Changed status to publish March 10, 2024
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