The authorised capital of ₹ 16,00,000 of XYZ Ltd. is divide into 1,60,000 Equity Shares of ₹ 10 each. Out of these shares , 80,000 Equity Shares were issued at par to public for subscription . The full nominal value is payable on application . All the shares were subscribed by the public and total amount was paid for . Pass necessary journal entries in the books of the company .

The authorised capital of ₹ 16,00,000 of XYZ Ltd. is divide into 1,6

1.	The authorised capital of ₹ 16,00,000 of XYZ Ltd. is divide into 1,60,000 Equity Shares of ₹ 10 each. Out of these shares , 80,000 Equity Shares were issued at par to public for subscription . The full nominal value is payable on application . All the shares were subscribed by the public and total amount was paid for . Pass necessary journal entries in the books of the company .
Answer» The authorised capital of ₹ 16,00,000 of XYZ Ltd. is divide into 1,60,000 Equity Shares of ₹ 10 each. Out of these shares , 80,000 Equity Shares were issued at par to public for subscription . The full nominal value is payable on application . All the shares were subscribed by the public and total amount was paid for . Pass necessary journal entries in the books of the company .

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