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(Issue of Shares at Par, Fully Subscribed, Amount Payable in Lump Sum).
Dynamic Ltd. offered for subscription on 1st April, 2019, 1,00,000 Equity Shares of Rs. 10 each at par payable along with application. Applications were received for all the shares by 30th April, 2019 and the shares were allotted on 15th May, 2019.
Pass necessary Journal entries in the books of the company.

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