Tulip Ltd. issued 50,000 shares of Rs 10 each credited as fullly paid to the promoters for the
Channel: Doubtnut
Date: 26/04/2020

Tulip Ltd. issued 50,000 shares of Rs 10 each credited as fullly paid to the promoters for their services. It also issued 30,000 shares of Rs 10 each credited as fully paid to the underwriters for their commission. Given journal entries.