Question 27 Chapter 8 of +2-A - T.S. Grewal 12 Class

Question 27 Chapter 8 of +2-A

27. 2000 equity shares of Rs 10 were issued to X limited from whom assets of 25,000 were acquired. Pass journal entries.

The solution of Question 27 Chapter 8 of +2-A: - 

Date	Particulars		L.F.	Debit	Credit
	Sundry asset A/c	Dr.		25,000
	To X limited A/c				25,000
	(Being asset purchased from X limited )
	X limited. A/c	Dr.		25,000
	To Equity share capital A/c				20,000
	To Equity share capital A/c				5,000
	(Being Equity shares issued at par with security premium reserve )

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Also, Check out the solved question of previous Chapters: -

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

• Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
• Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
• Chapter No. 3 – Goodwill: Nature and Valuation
• Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
• Chapter No. 5 – Admission of a Partner
• Chapter No. 6 – Retirement/Death of a Partner
• Chapter No. 7 – Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 8 – Company Accounts –  Accounting for Share Capital
• Chapter No. 9 – Company Accounts – Issue of Debentures
• Chapter No. 10 – Redemption of Debentures

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 1 – Financial Statements of a Company
• Chapter No. 2 – Financial Statement Analysis 
• Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
• Chapter No. 4 – Accounting Ratios
• Chapter No. 5 – Cash Flow Statement

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