Cmc ltd invited applications of issuing 100000 equity, Ask an Expert

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CMC ltd. invited applications of issuing 1,00,000 Equity Shares of 10$ each at a premium of 3$ per share. The whole amount was payable on application. The issue was over-subscriber bhy 30,000 shares and allotment was made on pro-rata basis. Pass its Journal Entry

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9960447

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