A company has incresed its authorised share capital from ₹500000 to ₹1000000. IT has incured ₹25000 @ ROC fees.pass relevant entries
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This discussion explains the correct accounting entries for a company that has increased its authorised share capital. It details the journal entries for crediting the authorised capital account, receiving share application and allotment money, transferring funds to equity share capital, and recording the payment of ROC fees.