[CBSE] Q. 35 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 35 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

Sandesh Ltd.took over the assets of ₹ 7,00,000 and liabilities of ₹ 2,00,00 from Sanchar Ltd. for a purchase consideration of ₹4,59,500.₹ 8,500 were paid by accepting a draft in favour of Sanchar Ltd.payable after three months and the balance was paid by issue of equity shares of ₹ 10 each at a premium of 10% in favour of Sanchar Ltd.

pass necessary Journal entries for the above transactions in the books of Sandesh Ltd.

[Ans.:Capital Reserve-₹ 40,500.]

Solution:-

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

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Anurag Pathak
Anurag Pathak

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