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Sona Ltd purchased machinery costing ₹ 17,00,000 from Mona Ltd. Sona Ltd. paid 20% of the amount by cheque and for

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

2.56K viewsSeptember 3, 2023[CBSE] TS Grewal Solutions Accounting For Share Capital

Anurag Pathak25.51K September 3, 2023 0 Comments

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 Sonal Ltd. Show your working notes clearly.

[Ans.: 10,880 Equity Shares to be issued.]

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Anurag Pathak25.51K Posted September 3, 2023 0 Comments

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