Apex co. ltd. is registered with an authorized capital of rs5,00000 divided into shares of Rs10 each . the company purchased various assets of kailash for Rs 200000 & payment is made by the issue of 15000 n shares at a premium of 10% & the balance in cash 20000 shares were issued to the public at per & full amount received on application. The company issued 400 shares at a discount of 5% to its promoters against there services. Record Journal entries for the above transaction .

Apex co. ltd. is registered with an authorized capital of rs5,00000 divided into shares of Rs10 each . the company purchased various assets of kailash for Rs 200000 & payment is made by the issue of 15000 n shares at a premium of 10% & the balance in cash 20000 shares were issued to the public at per & full amount received on application. The company issued 400 shares at a discount of 5% to its promoters against there services. Record Journal entries for the above transaction .

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 8EB: Juniper Company is authorized to issue 5,000,000 shares of $2 par value common stock. In conjunction...

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