[NCERT] Q 9 Accounting for Share Capital Solutions Class 12 (2022-23)

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Solutions of Question number 9 Accounting for Share Capital NCERT Accountancy solutions Class 12 CBSE Board 2022-23 Session?

Kumar Ltd. purchased assets of ₹ 6,30,000 from Bhanu Oil Ltd. Kumar Ltd. issued equity share of ₹ 100 each fully paid in consideration. What journal entries will be made, if the shares are issued, (a) at par, and (b) at premium of 20%.

[Answer: Numbers of shares issued (a) 6,200 (b) 5,250]

Solution:-

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