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प्रश्न
Pass journal entries for the following:
Y Ltd. decided to issue 2,000 shares of ₹100 each to the Unit Trust of India as Underwriting Commission.
रोजकीर्द नोंद
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उत्तर
| Journal entries In the books of Y Ltd. |
||||
| Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
| (ii) | Underwriting Commission A/c ...Dr. | 2,00,000 | ||
| To Unit Trust of India's A/c | 2,00,000 | |||
| (Underwriting Commission incurred) | ||||
| Unit Trust of India's A/c ...Dr. | 2,00,000 | |||
| To Equity Share Capital A/c | 2,00,000 | |||
| (2000 shares issued to underwriter) | ||||
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