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Abdul Ltd. issues 50,000 shares of Rs. 10 each at a premium of Rs. 2 per share. Pass journal entry if the amount is fully received

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Abdul Ltd. issues 50,000 shares of Rs. 10 each at a premium of Rs. 2 per share. Pass journal entry if the amount is fully received along with premium amount of Rs. 2 per share.

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Journal Entries 

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