Z ltd. Issued 1,00000 Equity Shares of Rs 10 each at a premium of 20%, payable as follows-- Rs 3 on application, Rs 6 on allotment and balance on first and final call. The security Premium Reserve Account will be - |
Debited by ₹400000 Credited by ₹200000 Debited by ₹200000 Debited by ₹400000 |
Credited by ₹200000 |
Total Equity Shares Issued = 100000 |