Question no 31 Chapter 1 - Unimax Class 12 Part 2

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

Table of Contents

The solution of Question 31 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 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.	Debit	Credit
	Plant and Machinery A/c	Dr.		99,000
	To Vender A/c				99,000
	(Being Plant & Machinery purchased)
	Vender A/c	Dr.		99,000
	Discount on issued of shares A/c	Dr.		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)