[ISC] Q. 17 Accounting for Share Capital Solution TS Grewal Class 12 (2023-24)

Solution to Question number 17 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition ISC Board?

Sunshine Ltd. issued 30,000 fully paid-up shares of ₹ 100 each for purchase of the following assets and liabilities from Anil:

	₹
Plant	7,00,000
Land and Building	12,00,000
Stock-in-Trade	9,00,000
Sundry Creditors	2,00,000

You are required to pass necessary Journal entries

Solution:-

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