Question 33 Chapter 8 of +2-A - T.S. Grewal 12 Class

Question 33 Chapter 8 of +2-A – T.S. Grewal 12 Class

By Shubham Sharma 4 Min Read December 20, 2020

Question No.33. - Chapter No.8 - T.S. Grewal +2 Book 2019-Solution-min-min

Question 33 Chapter 8 of +2-A

Table of Contents

The solution of Question 33 Chapter 8 of +2-A: –

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)

33. Sona ltd. Purchased machinery costing Rs 17,00,000. from mona ltd. Sona ltd paid 20% of the amount by cheque and for the balance amount issued equity shares of Rs 100 each at a premium of 25%
Pass necessary journal entries for the above transaction in the books of SONA Ltd for the above transactions. Show your working notes clearly.

The solution of Question 33 Chapter 8 of +2-A: –

Date	Particulars		L.F.	Debit	Credit
	Plant and Machinery A/c	Dr.		17,00,000
	To Mona ltd. A/c				17,00,000
	(Being asset purchased from Ayer limited )
	Mona ltd. A/c	Dr.		17,00,000
	To Equity share capital A/c				10,88,000
	To Security premium reserve A/c				2,72,000
	To Bank A/c				3,40,000
	(Being Equity shares issued at par with security premium reserve )