Q 11 DK Goel Issue of Shares Solutions Class 12 CBSE (2024-25)
Solutions of Question number 11 of Accounting for Companies Issue of shares chapter 6 of DK Goel Class 12 CBSE (2024-25)
Pass journal entries for the following:
(i) X Ltd. purchased Land and Building from R. Sundram for ₹ 5,00,000 payable in fully paid shares of ₹ 100 each at a premium of 25%.
(ii) Y Ltd. decided to issue 2,000 shares of ₹ 100 each to the Unit Trust of India as underwriting commission.
[Ans. (i) 4,000 shares of ₹ 100 each issued at ₹ 25 per share premium.
Solution:-
