Pass all the journal entries for payment of underwriting commission.
CS Executive · Corporate Accounting and Financial Management · PYQS · December 2025
Pass all the journal entries for payment of underwriting commission.
Answer & Explanation:
Journal Entries Date Particulars Debit (₹) Credit (₹) May 10 Underwriting Commission A/c Dr. To Bank A/c (Being Underwriting Commission paid) 90,000 90,000 Alternative answer Date Particulars Debit (₹) Credit (₹) May 10 Underwriting Commission A/c Dr. To Underwriter P A/c To Underwriter Q A/c To Underwriter R A/c To Underwriter S A/c (Being Underwriting commission on Initial Public offering of shares of Vikas Steel & Co) 90,000 31,500 22,500 18,000 18,000 May 10 Underwriter P A/c Dr. Underwriter Q A/c Dr. Underwriter R A/c Dr. Underwriter S A/c Dr. To Bank A/c (Being underwriting commission paid) 31,500 22,500 18,000 18,000 90,000
Topics: Corporate Accounting
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