[CBSE] Q. 36 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 36 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition CBSE Board?

Goodluck Ltd purchased machinery costing ₹ 10,00,000 from Fair Deals Ltd. The company paid the price by issue of Equity Shares of ₹ 10 each at a premium of 25%.

Pass necessary Journal entries for the above transactions in the books of Goodluck Ltd.

[Ans.: 80,000 Equity Shares to be issued.]

Solution:-

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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