Question 35 Chapter 8 of +2-A
Table of Contents
35. Bharat lamp Ltd issued 30,000 fully paid-up shares of Rs 100 each for a purchase of the following assets and liabilities from Sharma & co;
| Plant | Rs 7,00,000 | Stock-in-trade | 9,00,000 |
| Land and building | Rs 12,00,000 | Sundry creditors | 2,00,000 |
You are required to pass journal entries.
The solution of Question 35 Chapter 8 of +2-A: –
| Date | Particulars |
L.F. | Debit | Credit | |
| Plant A/c | Dr | 7,00,000 | |||
| Stock in trade A/c | Dr | 9,00,000 | |||
| Land and Building A/c | Dr | 12,00,000 | |||
| Goodwill A/c | Dr | 4,00,000 | |||
| To Sundry creditors. A/c | 2,00,000 | ||||
| To Share capital. A/c | 30,00,000 | ||||
| (Being assets and liabilities purchased from Sharma & co ) | |||||
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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
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
