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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

3.73K viewsSeptember 3, 2023[CBSE] TS Grewal Solutions Accounting For Share Capital

Anurag Pathak28.60K 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 Pathak28.60K Posted September 3, 2023 0 Comments

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