30 :- Quality Stationaries Ltd registered with authorised capital of Rs 20,00,000 divided into 1,00,000 equity shares of Rs 20 each. 50,000 Equity Shares were issued for subscription at par, issue price being payable along with application. It received application money of Rs 4,40,000.
You are required to pass the necessary Journal entries and show share capital in the Balance Sheet of the company.
Solution :-
