Welcome to CommerceNinja’s solutions for TS Grewal’s Class 12 Issue Of Shares for the session 2024-25.
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Q22. Sangam Marbles Ltd. invited applications for 20,000 Equity Shares of ₹ 100 each issued at par payable on application. The issue was oversubscribed by 5,000 shares and allotment was made on pro rata basis. Pass necessary Journal entries.
SOLUTION:
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