[ISC] Q. 15 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

Solution to Question number 15 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition ISC Board?

Sunflower Ltd. purchased the running business from Bhaskar for ₹ 15,00,000 payable ₹ 12,00,000 in fully paid shares of ₹ 10 each and balance through cheque.

The assets acquired and liabilities taken over are:

Plant and Machinery Building Sundry Debtors

6,00,000 4,00,000 1,60,000

Stock Cash Sundry Creditors

2,00,000 3,00,000 60,000

You are required to pass necessary Journal entries in the Company’s books.

Solution:-

Issue of Share chapter Solutions of TS Grewal Class 12 Accountancy ISC 2022-23

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