[CBSE] Q. 37 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 37 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

Sandesh Ltd.Purchased a running business from Sanchar Ltd.for ₹ 15,00,000

payable 10% by cheque and the balance by the issue of fully paid Equity Shares of ₹ 100 each at a premium of 20%. The assets and liabilities consisted of the following:

particularsBook Value( ₹)Agreed Value (₹)
Building
plant and Machinery
stock
Trade Receivables
Trade payables

5,00,000
3,00,000
6,00,000
2,80,000
1,80,000
6,50,000
2,50,000
5,00,000
2,50,000
2,00,000
Pass the necessary Journal entries in the books of Sandesh Ltd.

[Ans.: Goodwill- ₹ 50,000; No. of Shares to be issued-11,250.]

Solution:-

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

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Anurag Pathak

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