[CBSE] Q. 34 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

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Are you looking for the solution to Question number 34 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

Solution of Question Number 34 of Accounting for Share Capital chapter TS Grewal CBSE 2022-23 Class 12

Bhushan Lamps Ltd.issued 30,000 Fully Paid-up shares of ₹100 each for purchase of the following assets and liabilities from Sharma & Co.:

plant ₹ 7,00,000Stock-in-Trade₹ 9,00,000
Land and Building₹ 12,00,000Sundry Creditors₹ 2,00,000
you are required to pass necessary Journal entries.

[Ans.: Goodwill-₹ 4,00,000.]

Solution:-

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

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