Sangam Ltd. invited applications for 10,000 Equity Shares of Rs. 100 each issued at par.
Channel: Doubtnut
Date: 29/03/2020

Sangam Ltd. invited applications for 10,000 Equity Shares of Rs. 100 each issued at par. The amount was payable on application. The issue was oversubscribed by 2,000 shares and allotment was made on pro rata basis. Pass necessary Journal entries.