[CBSE] Q. 39 Solution of Accounting for Share Capital TS Grewal Class 12 (2024-25)

The solution to Question number 39 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 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.

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

Solution:-

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