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Rajan Ltd. purchased assets from Geeta &...

Rajan Ltd. purchased assets from Geeta & Co. for Rs. 5,00,000 . A sum of Rs. 1,00,000 was paid by means of a bank draft and for the balance due Rajan Ltd. Issued Equity Shares of Rs. 10 each at a premium of 25%. ltbr. Journalise the above transactions in the books of the company.

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The correct Answer is:
32,000 Equity Shares to be issued.
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TS GREWAL-COMPANY ACCOUNTS- ACCOUNTING FOR SHARE CAPITAL-Exercise
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