[ISC] Q. 15 Accounting for Share Capital Solution TS Grewal Class 12 (2023-24)
Solution to Question number 15 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition ISC Board?
Herbal Ltd. is registered with an authorised capital of ₹ 12,50,000 divided into 1,25,000 Equity Shares of ₹ 10 each. It has an existing issued and fully paid-up Equity Share Capital of ₹ 4,00,000. It purchased a machine for ₹ 4,00,000 and issued 40,000 fully paid Equity Shares to the vendor.
Show the share capital in the Balance sheet of Herbal Ltd.
Solution:-
Let’s Practice
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