[CBSE] Q. 38 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 38 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition CBSE Board?

Sona Ltd purchased machinery costing ₹ 17,00,000 from Mona Ltd. Sona Ltd. paid 20% of the amount by cheque and for the balance amount issued Equity Shares of ₹ 100 each at a premium of 25%.

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Pass necessary Journal entries for the above transactions in the books of Sonal Ltd. Show your working notes clearly.

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[Ans.: 10,880 Equity Shares to be issued.]

Solution:-

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Anurag Pathak
Anurag Pathak

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