[ISC] Q. 15 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

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Solution to Question number 15 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition ISC Board?

Sunflower Ltd. purchased the running business from Bhaskar for ₹ 15,00,000 payable ₹ 12,00,000 in fully paid shares of ₹ 10 each and balance through cheque.

The assets acquired and liabilities taken over are:

Plant and Machinery
Building
Sundry Debtors
6,00,000
4,00,000
1,60,000
Stock
Cash
Sundry Creditors
2,00,000
3,00,000
60,000

You are required to pass necessary Journal entries in the Company’s books.

Solution:-

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

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Anurag Pathak

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