Question no 32 Chapter 1 - Unimax Class 12 Part 2

Question No 32 Chapter 1 – Unimax Class 12 Part 2 – 2021

Table of Contents

8,000 shares of @ ₹ 10 each were issued to the promoters at a premium of 10% for the services rendered by them. Give journal entry.

The solution of Question 32 Chapter 1 of +2 Part-2: –

Date	Particulars		L.F.	Debit	Credit
	Formation exp. A/c	Dr.		88,000
	To share capital A/c				80,000
	To Security premium A/c				8,00
	(Being 8000 shares reissued to promoters @ ₹ 100 each and 10% premium)

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Share Capital: Meaning, Types, and Classes

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Chapter No. 1 – Financial Statements of a Company
Chapter No. 2 – Financial Statement Analysis
Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 4 – Ratio Analysis
Chapter No. 5 – Cash Flow Statement