Question no 31 Chapter 1 - Unimax Class 12 Part 2 - 2021

Question No  31 Chapter 1 - Unimax Class 12 Part 2 - 2021

A limited company issued 1,000 equity shares of ₹ 100 each as fully paid up in consideration of the purchased of plant and machinery worth ₹ 99,000. Make entries in company’s journal.

The solution of Question 31 Chapter 1 of +2 Part-2: -

Journal
Books of R Ltd.

Date	Particulars		L.F.	Debit	Credit
	Plant and Machinery A/c	Dr.		99,000
	To Vender A/c				99,000
	(Being Plant & Machinery purchased)
	Vender A/c	Dr.		99,000
	Discount on issued of shares A/c	Dr.		1000
	To Equity share capital A/c				1,00,000
	(Being 1000 equity shares of 100 each fully paid up in consideration of plant and machinery)

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Usha Publication - Accountancy PSEB (Class 12) - Volume I - Solution

• Chapter No. 1 – Accounting Not for Profit Organisations
• Chapter No. 2 – Partnership Accounts – I (Introduction)
• Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
• Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
• Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
• Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
• Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
• Chapter No. 8 – Company Accounts (Share Capital)
• Chapter No. 9 – Company Accounts (Issue of Debentures)
• Chapter No. 10 – Company Accounts (Redemption of Debentures)

Usha Publication - Accountancy PSEB (Class 12) - Volume II - Solution

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

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