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# Question 25 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 25 Chapter 8 of +2-Part-1 - Solution-min

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Question 25 Chapter 8 of +2-Part-1

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25. (Shares Issued for Consideration other than Cash) Gurjap Ltd. purchased plant from Santosh for Rs. 3,78,000 payable in fully paid shares of Rs. 10 each pass journal entries when :
Shares are issued at par
Shares are issued at 20% premium.

## The solution of Question 25 Chapter 8 of +2 Part-1: –

Day 175 Solution of Questions 23 24 and 25 Share Capital Chapter 8 Accounts Part B class 12 PSEB

 Journal Date Particulars L.F. Debit Credit A) Plant A/c Dr. 3,78,000 To Santosh A/c 3,78,000 (Being purchase of plant from Santosh) Case A – Shares are issued at par B) Santosh A/c Dr. 3,78,000 To Share capital A/c 3,78,000 (Being price of plant purchased paid in shares issues at par ) Case B – Shares are issued at 20% premium. B) Santosh A/c Dr. 3,78,000 To Share capital A/c WN-1 3,15,000 To Securities Premium A/c WN-1 63,000 (Being price of plant paid in shares being issued at 20 % premium)

### Working notes of Question 25 Chapter 8 of +2-Part-1:

#### WN – 1  – Calculation of Amount of Shares and premium when issued at 20% premium: –

Total Value of Share =  Face Value + Premium
= 10 + (10 * 20/100)
= 10 + 2
= 12/-

Now, We can calculated the total no. of share to be issued for purchase of plant

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No. of Share =  Total purchase amount of plant / Total value of Share
= 3,78,000 / 12
= 31,500

So now we can calculate the total amount of Share and Premium

Total Face Value of Share =  No. of Shares X Face Value Per share
= 31,500 X 10
= 3,15,000/-

Total amount of Security Premium =  No. of Shares X Premium Per share
= 31,500 X 2
= 63,000/-

It all about Question 25 Chapter 8 of +2-Part-1, If you have any problem please comment below.

End of Solution

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## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 8 – Company Accounts (Share Capital) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

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Question 05 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 11 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 17 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 19D Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 25 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 30 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 36 Chapter 8 of +2-Part-1 – USHA Publication

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Question 42 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 49 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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### Download a PDF of Chapter No. 8 – Company Accounts (Share Capital):

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## Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

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Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

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## Check out Part 1 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication

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