[CBSE] Q. 42 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)
The solution to Question number 42 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 Edition CBSE Board
Sona Ltd purchased machinery costing ₹ 17,00,000 from Mona Ltd. Sona Ltd. paid 20% of the amount by cheque and for the balance amount issued Equity Shares of ₹ 100 each at a premium of 25%.
Pass necessary Journal entries for the above transactions in the books of Sonal Ltd. Show your working notes clearly.
[Ans.: 10,880 Equity Shares to be issued.]
Solution:-
