[CBSE] Q. 44 Solution of Accounting for Share Capital TS Grewal Class 12 (2024-25)

The solution to Question number 44 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition CBSE Board

Bhushan Lamps Ltd issued 30,000 Fully Paid up shares of ₹ 100 each for purchase of the following assets and liabilities from Sharma & Co.:

Plant	₹ 7,00,000
Land and Building	₹ 12,00,000
Stock-in-Trade	₹ 9,00,000
Sundry Creditors	₹ 2,00,000

You are required to pass necessary Journal entries.

[Ans.: Goodwill – ₹ 4,00,000.]

Solution:-

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