[ISC] Q. 13 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

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Solution to Question number 13 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition ISC Board.

Rajat Ltd. purchased the business of Modern Stores for ₹ 10,00,000 payable in fully paid Equity Shares of ₹ 100 each. Pass Journal entries in the books of Rajat Ltd., if such issue is (i) at par; and (ii) at a premium of 20%.

Solution:-

Issue of Share chapter Solutions of TS Grewal Class 12 Accountancy ISC 2022-23

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