Question 28 Chapter 8 of +2-A
Table of Contents
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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