[CBSE] Q. 39 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)
The solution to Question number 39 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 Edition CBSE Board
Vani Ltd. purchased furniture costing ₹ 2,20,000 from C.D Ltd. The payment was to be made by issue of 9% Preference Shares of ₹ 100 each at a premium of ₹ 10 per share. Pass necessary Journal entries in the books of Vani Ltd.
[Ans.: 2,000; 9% Preference Shares is to be issued.]
Solution:-
Books of Vani
