[CBSE] Q. 31 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

Are you looking for the solution to Question number 31 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

Jain Ltd. purchased machinery costing ₹ 10,00,000 from Ayer Ltd.50% of the payment was made by cheque and for the remaining 50%, the company issued Equity Shares of ₹ 100 each at a premium of 25%.

Pass necessary Journal entries in the books of Jain Ltd. for the above transactions. (Foreign 2011)

[Ans.: 4,000 Equity Shares to be issued.]

Solution:-

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

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