13. To provide employment to the youth and to develop Baramula district of Jammu and Kashmir, Jyoti Power Ltd. decided to set up a power plant. For raising funds the decided to issue 850,000 equity shares of 10 each at a premium of 3 per share. The amount was payable on application. Applications for shares were received. Appucations for shares were rejected and shares were allotted to the remaining
applicants on pro-rata basis.
Pass necessary' Joumal entries for the above transactions in the books of the company
Dear Student
It seems that you have posted incomplete question as the number of applications rejected and shares allotted on pro rata basis information is missing,
Please provide full question with all the relevant data so that we can help you at the earliest.
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It seems that you have posted incomplete question as the number of applications rejected and shares allotted on pro rata basis information is missing,
Please provide full question with all the relevant data so that we can help you at the earliest.
Regardss