Question no 30 Chapter 1- Class 12 Part 2 Unimax 

Question no 30 Chapter 1- Class 12 Part 2 Unimax 

R Ltd. purchased assets from Rohan & CO. for ₹ 3,50,000. A sum of ₹ 75,000 was paid by the means of a bank draft and for the balance due R Ltd. issued equity shares of ₹ 10 each at a premium of 10% Journalese the above transactions in the books of the company.

The solution of Question no 30 Chapter 1- Class 12 Part 2 Unimax:-

Journal
Books of R ltd

Date	Particulars		L.F.	Debit	Credit
	Sundry Assets A/c	Dr.		3,50,000
	To Rohan of Co. A/c				3,50,000
	(Being Assets purchased)
	Rohan of Co. A/c	Dr.		3,50,000
	To Bank A/c				75,000
	To Equity share capital A/c				2,50,000
	To Securities premium A/c				25,000
	(Being amount paid by bank issue 25,000 equity shares of @₹ 10each including 10% premium)