The solution to Question number 21 of the Accounting for Share Capital chapter of TS Grewal Book 2025-26 Edition
Sangam Marbles Ltd. invited applications for 20,000 Equity Shares of ₹ 100 each issued at par payable on application. The issue was oversubscribed by 5,000 shares and allotment was made on pro rata basis. Pass necessary Journal entries.
[Hint: Sahres applied are 25,000 (20,000 + 5,000).]
Solution:-
