The solution to Question number 49 of the Accounting for Share Capital chapter of TS Grewal Book 2025-26 Edition
Light Lamps Ltd. issued 50,000 shares of ₹ 10 each as fully paid-up to the promoters for their services to set-up the company. It also issued 2,000 shares of ₹ 10 each credited as fully paid-up to the underwriters of shares for their services. Journalise these transactions.
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