[CBSE] Q. 41 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)
The solution to Question number 41 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 Edition CBSE Board
Rajan Ltd Purchased assets from Geeta & Co. for 5,00,000. A sum of ₹ 1,00,000 was paid by means of a bank draft and for the balance due Rajan Ltd. issued Equity Shares of ₹ 10 each at a premium of 25%.
Journalise the above transactions in the books of the company.
[Ans.: 32,000 Equity Shares to be issued.]
Solution:-
Alternatively (2) and (3) entries can also be combined as
| Particulars | Dr. | Cr. |
| Geeta & Co. A/c Dr. | 5,00,000 | |
| To Bank A/c To Equity Share Capital A/c To Securities Premium A/c | 1,00,000 3,20,000 80,000 |
