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DK Goel Solutions Q 12 Chapter 6 Issue of Shares Class 12 CBSE [2023-24]

Question 12 of 77Chapter 6Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 12, Chapter 6 Accounting for Companies – Issue of Share Capital, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 12

Tagore Ltd. purchased a running business from Tulsi Bros. for a sum of ₹ 48,00,000 payable by the issue of fully paid equity shares of ₹ 20 each at a premium of 20%. The assets and liabilities consisted of the following :

  1. Plant and Machinery ₹ 25,00,000
  2. Stock ₹ 15,00,000
  3. Sundry Debtors ₹ 8,60,000
  4. Sundry Creditors ₹ 3,00,000

Pass the necessary journal entries in the books of Tagore Ltd.

DK Goel Class 12 Issue of Shares Question 12

Solution

Solution of Q 12 Issue of Shares DK Goel 2023-24 part 1
Solution of Q 12 Issue of Shares DK Goel 2023-24 part 2
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About this solution

This is Chapter 6 Accounting for Companies – Issue of Shares of DK Goel For 2024 Examinations.

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.

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