[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%.

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

[Ans.: 10,880 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 and can download the Android & ios app for free lectures.

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