[CBSE] Q. 40 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)
The solution to Question number 40 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 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:-
