The solution to Question number 39 of the Accounting for Share Capital chapter of TS Grewal Book 2025-26 Edition
‘Amrit Dhara Ltd.’ issued 800 Equity Shares of ₹ 100 each at a premium of 25% as Fully Paid-up in consideration of the purchase of plant and machinery of ₹ 1,00,000.
Pass entries in company’s Journal.
[Ans.: Dr. Vendor’s A/c – ₹ 1,00,000; Cr. Share Capital A/c – ₹ 80,000 and Securities Premium A/c – ₹ 20,000.]
Solution:-
