Q 78 DK Goel Issue of Shares Solutions Class 12 CBSE (2024-25)
Solution of Question number 78 of Accounting for Companies Issue of shares chapter 6 of DK Goel Class 12 CBSE (2024-25)
Sona Ltd. purchased machinery costing ₹ 17,00,000 from Mona Ltd. Sona Ltd. paid 20% of the amount by cheque and for the balance amount issued equity shares of ₹ 100 each at a premium of 25%.
Pass necessary Journal Entries for the above transactions in the books of Sona Ltd. Show your working notes clearly.
[Ans. Number of Shares issued 10,880.]
Solution:-
