Question no 29 Chapter 1 - Unimax Class 12 Part 2

Question No 29 Chapter 1 – Unimax Class 12 Part 2 – 2021

Table of Contents

The solution of Question 29 Chapter 1 of +2 Part-2: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

A Ltd. purchased computer for costing ₹ 7,50,000 from Ashwini traders. They paid ₹ 2,50,000 in cash the remaining balance by issued of 50,000 Equity of ₹ 10 each.
Pass necessary journal entries in the books of A Ltd.

The solution of Question 29 Chapter 1 of +2 Part-2: –

Journal
Books of M/s Ltd.

Date	Particulars		L.F.	Debit	Credit
	Computer A/c	Dr.		7,50,000
	To M/s Ashwani Trader A/c				7,50,000
	(Being the computer purchased)
	M/s Ashwani Traders A/c	Dr.		7,50,000
	To Cash A/c				2,50,000
	To Equity share capital A/c				5,00,000
	(Being cash paid and 50000 equity shares of ₹ 10 issued to vender)