Question - 05 (A)

The Authorised capital of a company is Rs. 3,00,000 divided into 1,000,12% preference shares of Rs. 100 each and 20,000, equity shares of Rs. 10 each out of this 10,000 equity shares were issued the full amount payable with application all shares were taken by public and all amount was received pass necessary journal entries.


Question - 05 (B)

A company issued 25,000 equity shares of Rs. 10 each to the public all amounts have been received in lump- sum pass the necessary journal entries in the books of the company.


Question - 05 (C)

Y Ltd. have issued 15,000; 12% prefrence shares of Rs. 10 each to the public. All amounts are received in lump-sum pass the necessary journal entries in the books of Y Ltd.

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