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Question 27 Chapter 9 of +2-A – T.S. Grewal 12 Class

Question 27 Chapter 9 of +2-A
Question No27 - Chapter No.9 - T.S. Grewal +2 Book 2019-Solution

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Question 27 Chapter 9 of +2-A

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27. Sangam Woollens Ltd.’, Ludhiana, are the manufacturers and exporters of woollen garments. The company decided to distribute free of cost woollen garments to10 villages of Lahaul and Spiti District of Himachal Pradesh. The company also decided to employ 50 young persons from these villages in its newly established factory. The company issued 40,000 Equity Shares of Rs 10 each and 1,000, 9% Debentures of Rs 100 each to the vendor for the purchase of machinery of Rs 5,00,000.
Pass necessary Journal entries..

The solution of Question 27 Chapter 9 of +2-A: – 

     
DateParticulars
L.F.DebitCredit
 Machinery A/cDr 5,00,000 
 To Vendor A/c   5,00,000
 (Being machinery purchased from a vendor . )    
 Vendor. A/cDr 5,00,000 
 To Equity Shares capital A/c   5,00,000
 To 9%Debentures A/c   1,00,000
 (Being Equity Shares and debenture issued )    

 


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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)

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

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

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

+2 Book 2-min

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