[CBSE] Q. 42 Solution of Accounting for Share Capital TS Grewal Class 12 (2024-25)

The solution to Question number 42 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 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:-

Following is the list

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