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Asked by Kirthi Last Modified
Answer 
Bipin Kumar Thakur
Crash Course Expert with 15 years of teaching experience in commerce
Bank A/C...Dr.(130000 x 13) Rs 16,90,000
To Share Application A/C Rs 16,90,000
(Being application money received)
Share Application A/C.......Dr. Rs 16,90,000
To Share Capital A/C Rs 10,00,000
To Securities Premium Reserve Rs 3,00,000
To Bank A/C Rs 90,000
(Being application money transferred to share capital,Securities premium reserve and excess money was refunded).
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