Question 28 Chapter 8 of +2-A - T.S. Grewal 12 Class

Question 28 Chapter 8 of +2-A

28. Amrit Dhara ltd.’ issued 800 Equity shares of Rs 100 each at a premium of 25% as fully paid –up in consideration of the purchase of plant and machinery of Rs 1,00,000.
Pass entries in the company’s journal.

The solution of Question 28 Chapter 8 of +2-A: - 

Date	Particulars		L.F.	Debit	Credit
	Plant and Machinery A/c	Dr.		1,00,000
	To X limited A/c				1,00,000
	(Being asset purchased from X limited )
	X limited. A/c	Dr.		1,00,000
	To Equity share capital A/c				75,000
	To Security premium reserve A/c				25,000
	(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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