[ISC] Q. 16 Accounting for Share Capital Solution TS Grewal Class 12 (2023-24)
Solution to Question number 16 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 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.
| ₹ | |
| Plant and Machinery | 6,00,000 |
| Building | 4,00,000 |
| Sundry Debtors | 1,60,000 |
| Stock | 2,00,000 |
| Cash | 3,00,000 |
| Sundry Creditors | 60,000 |
You are required to pass necessary Journal entries in the company’s books.
Solution:-
Let’s Practice
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