Explain issue of equity shares


Jazz Ltd. purchased furniture for 3,00,000$ from Bill's Ltd.. 1,00,000$ were paid by drawing a Promissory Note in favour of Ravindram Ltd. The balance was paid by the issue of Equity Shares of $10 each at a premium of 25% ?

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Accounting Basics: Explain issue of equity shares
Reference No:- TGS0693204

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