[CBSE] Q. 34 Solution of Accounting for Share Capital TS Grewal Class 12 (2023-24)

Are you looking for the solution to Question number 34 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition CBSE Board?

‘Amrit Dhara Ltd.’ issued 800 Equity Shares of ₹ 100 each at a premium of 25% as Fully Paid-up in consideration of the purchase of plant and machinery of ₹ 1,00,000.

Pass entries in company’s Journal.

[Ans.: Dr. Vendor’s A/c – ₹ 1,00,000; Cr. Share Capital A/c – ₹ 80,000 and Securities Premium A/c – ₹ 20,000.]

Solution:-