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Z Ltd. purchased furniture costing ₹ 2,20,000 from C.D Ltd. The payment was to be made by issue of 9% Preference Shares of ₹ 100 each at a premium of ₹ 10 per share

Anurag Pathak
September 3, 2023
[CBSE] TS Grewal Solutions, Accounting For Share Capital

3.52K viewsSeptember 3, 2023[CBSE] TS Grewal Solutions Accounting For Share Capital

Anurag Pathak28.27K September 3, 2023 0 Comments

Z Ltd. purchased furniture costing ₹ 2,20,000 from C.D Ltd. The payment was to be made by issue of 9% Preference Shares of ₹ 100 each at a premium of ₹ 10 per share. Pass necessary Journal entries in the books of Z Ltd.

[Ans.: 2,000; 9% Preference Shares is to be issued.]

Anurag Pathak Changed status to publish September 3, 2023

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Anurag Pathak28.27K Posted September 3, 2023 0 Comments

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Anurag Pathak Changed status to publish September 3, 2023

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Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

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