Question 34 Chapter 8 of +2-A - T.S. Grewal 12 Class

Question 34 Chapter 8 of +2-A – T.S. Grewal 12 Class

By Shubham Sharma 4 Min Read December 20, 2020

Question No.34. - Chapter No.8 - T.S. Grewal +2 Book 2019-Solution-min-min

Question 34 Chapter 8 of +2-A

Table of Contents

The solution of Question 34 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)

34. Light lamps ltd issued 50,000 shares of 10 each as fully paid up to the promoters for their services to set up the company . It also issued 2000 shares of Rs 10 each credited as fully paid up to the underwriters of the share for their services. Journalise these transactions

The solution of Question 34 Chapter 8 of +2-A: –

Date	Particulars		L.F.	Debit	Credit
	Promoters’ A/c	Dr.		5,00,000
	To share capital. A/c				5,00,000
	(Being issue of 50,000 shares of Rs 10 each as fully paid to promoters )
	Underwriters’ A/c	Dr.		20,000
	To Equity share capital A/c				20,000
	(Being 2000 shares of Rs 10 each issued to the underwriters )