Sarthaks Test
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Shiva Ltd. issued 1,00,000 Equity Shares of Rs.10 each at a premium of Rs.5 per share. The whole amount, was payable on application. The issue was fully subscribed. Pass necessary Journal entries.

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Issued 1,00,000 equity shares of Rs. 10 each at a premium of Rs.5 Applied 1,00,000 shares.

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