[ISC] Q. 13 Accounting for Share Capital Solution TS Grewal Class 12 (2024-25)

Solution to Question number 13 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board.

Pandanus Ltd. purchased assets from Geeta & Co. for ₹ 5,00,000. A sum of ₹ 1,00,000 was paid by a bank draft and for the balance due, Pandanus Ltd. issued Equity Shares of ₹ 10 each at a premium of 25%. Journalise the above transactions in the books of the company.

Solution:-

In the Books of Pandanus Ltd. (Journal)

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