Q.45 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE
Step-by-step solution of Question 45, Chapter 8 Accounting for Share Capital (Issue of Shares), TS Grewal Class 12 Accountancy 2024-25 for the CBSE Board.
Question 45
Sandesh Ltd. took over the assets of ₹ 7,00,000 and liabilities of ₹ 2,00,000 from Sanchar Ltd. for a purchase consideration of ₹ 4,59,500. ₹ 8,500 were paid by accepting a draft in favour of Sanchar Ltd. payable after three months and the balance was paid by issue of equity shares of ₹ 10 each at a premium of 10% in favour of Sanchar Ltd.
Pass necessary Journal entries for the above transactions in the books of Sandesh Ltd.
Solution
All questions of Chapter 8
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About this solution
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