At 1 October 2023,ABC 's capital was structured as follows: Ordinary shares of...
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Accounting
At October ABC s capital was structured as follows:
Ordinary shares of $
Share premium $
On January in order to raise finance for expansion, there was a for rights issue at $ The issue was fully taken up This was followed by a for bonus issue on March
What is the balance on the share capital and share premium accounts after these transactions? Please provide journal entries and ledger accounts.
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