[CBSE] Q. 40 Solution of Accounting for Share Capital TS Grewal Class 12 (2024-25)

The solution to Question number 40 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 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:-

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