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Goodluck Ltd purchased machinery costing ₹ 10,00,000 from Fair Deals Ltd The company paid the price by issue

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

2.68K viewsSeptember 3, 2023[CBSE] TS Grewal Solutions Accounting For Share Capital

Anurag Pathak25.51K September 3, 2023 0 Comments

Goodluck Ltd purchased machinery costing ₹ 10,00,000 from Fair Deals Ltd. The company paid the price by issue of Equity Shares of ₹ 10 each at a premium of 25%.

Pass necessary Journal entries for the above transactions in the books of Goodluck Ltd.

[Ans.: 80,000 Equity Shares to be issued.]

Anurag Pathak Changed status to publish September 3, 2023

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Anurag Pathak25.51K 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

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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