[CBSE] Q. 46 Solution of Accounting for Share Capital TS Grewal Class 12 (2024-25)

The solution to Question number 46 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition CBSE Board

Sandesh Ltd. purchased a running business from Sanchar Ltd for ₹ 15,00,000 payable 10% by cheque and the balance by the issue of fully paid Equity Shares of ₹ 100 each at a premium of 20%. The assets and liabilities consisted of the following:

Particulars	Book Value (₹)	Agreed Value (₹)
Building Plant and Machinery Stock Trade Receivables Trade Payables	5,00,000 3,00,000 6,00,000 2,80,000 1,80,000	6,50,000 2,50,000 5,00,000 2,50,000 2,00,000

Pass the necessary Journal entries in the books of Sandesh Ltd.

[Ans.: Goodwill – ₹ 50,000; No. of Shares to be issued – 11,250.

Solution:-

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