The solution to Question number 46 of the Accounting for Share Capital chapter of TS Grewal Book 2025-26 Edition
Bhushan Lamps Ltd issued 30,000 Fully Paid up shares of ₹ 100 each for purchase of the following assets and liabilities from Sharma & Co.:
| Plant | ₹ 7,00,000 |
| Land and Building | ₹ 12,00,000 |
| Stock-in-Trade | ₹ 9,00,000 |
| Sundry Creditors | ₹ 2,00,000 |
You are required to pass necessary Journal entries.
[Ans.: Goodwill – ₹ 4,00,000.]
Solution:-
