[CBSE] Q. 35 Solution of Accounting for Share Capital TS Grewal Class 12 (2023-24)

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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 2023-24 Edition CBSE Board?

Z 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 Z Ltd.

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[Ans.: 2,000; 9% Preference Shares is to be issued.]

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Solution:-

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Anurag Pathak

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