The document discusses issue of shares at a premium and provides an example. It describes a company issuing 10,00,000 shares of Rs. 10 each at a premium of 50%. The company received applications for 11,00,000 shares but allotted only 10,00,000 shares while rejecting 1,00,000 shares. The document also provides links for online preparation for CA CPT, CS, and CMA Foundation exams on MeraSkill.com.

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Issue of share at premium
MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam

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Example:
A Company issued a prospectus inviting the public to subscribe to its issue of
10,00,000 shares of ₹10 each issued at a premium of 50%. Applications were
received for 11,00,000 shares. 1,00,000 shares were rejected and the balance
10,00,000 shares allotted. Pass journal entries.
Issue of Shares in one instalment

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