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Journal Entry for shares allotment
Hi
The company has an ordinary share of 4,000,000 of 0.25 cents. They had issue 2,400,000 Ordinary shares of 0.25 cents. Now the director had decide to make a 1 for 3 rights issue of ordinary shares at a premium of 0.15 cent per share. Please show me what are the journal entry. Thank You |
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