Rose Ltd issued 25 000 shares of rs 10 each credited as fully paid to the promoters for their s...........

Rose Ltd. issued 25,000 shares of rs 10 each credited as fully paid to the promoters for their services. It also issued 15,000 shares of rs 10 each credited as fully paid to the underwriters for their commission. Incorporation Expenses will be:

debited by rs2,50,000

credited by rs2,50,000