The solution to Question number 41 of the Accounting for Share Capital chapter of TS Grewal Book 2025-26 Edition
Goodluck Ltd purchased machinery costing ₹ 10,00,000 from Fair Deals Ltd. The company paid the price by issue of Equity Shares of ₹ 10 each at a premium of 25%.
Pass necessary Journal entries for the above transactions in the books of Goodluck Ltd.
[Ans.: 80,000 Equity Shares to be issued.]
Solution:-
