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Light Lamps Ltd. issued 50,000 shares of...

Light Lamps Ltd. issued 50,000 shares of Rs. 10 each as fully paid-up to the promoters for their services to set-up the company. It also issued 2,000 shares of Rs.10 each credited as fully paid-up to the underwriters of shares for their services. Journalise these transactions.

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TS GREWAL-COMPANY ACCOUNTS- ACCOUNTING FOR SHARE CAPITAL-Exercise
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