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Question no 31 Chapter 1 – Unimax Class 12 Part 2 – 2021

Question no -31 Chapter no-1 Unimax Class-12 Part-II
Question no -31 Chapter no-1 Unimax Class-12 Part-II

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Question No  31 Chapter 1 – Unimax Class 12 Part 2 – 2021

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A limited company issued 1,000 equity shares of ₹ 100 each as fully paid up in consideration of the purchased of plant and machinery worth ₹ 99,000. Make entries in company’s journal.

The solution of Question 31 Chapter 1 of +2 Part-2: –

Journal
Books of R Ltd.

Date  Particulars
L.F.DebitCredit
 Plant and Machinery A/cDr. 99,000 
 To Vender A/c  99,000
 (Being Plant & Machinery purchased)    
 Vender A/cDr. 99,000 
 Discount on issued of shares A/cDr. 1000 
 To Equity share capital A/c  1,00,000
 (Being 1000 equity shares of 100 each fully paid up in consideration of plant and machinery)   

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Share Capital: Meaning, Types, and Classes

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T.S. Grewal’s Analysis of Financial Statements

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