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Question no 30 Chapter 1 – Unimax Class 12 Part 2 – 2021

Question no -30 Chapter no-1 Unimax Class-12 Part-II
Question no -30 Chapter no-1 Unimax Class-12 Part-II

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Question No  30 Chapter 1 – Unimax Class 12 Part 2 – 2021

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R Ltd. purchased assets from Rohan & CO. for ₹ 3,50,000. A sum of ₹ 75,000 was paid by the means of a bank draft and for the balance due R Ltd. issued equity shares of ₹ 10 each at a premium of 10% Journalese the above transactions in the books of the company.

The solution of Question 30 Chapter 1 of +2 Part-2: –

Journal
Books of R ltd

Date  Particulars
L.F.DebitCredit
 Sundry Assets A/cDr. 3,50,000 
 To Rohan of Co. A/c   3,50,000
 (Being Assets purchased)    
 Rohan of Co. A/cDr. 3,50,000 
 To Bank A/c  75,000
 To Equity share capital A/c  2,50,000
 To Securities premium A/c  25,000
 (Being amount paid by bank issue 25,000 equity shares of @₹ 10each including 10% premium)   

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