Class 12th Accountancy - TS Grewal Solutions (2025-2026)

Question 42 to 45 (Issue of Shares for Consideration other than Cash)

42 :- Rajan Ltd. purchased assets from Geeta & Co. for Rs 5,00,000. A sum of Rs 1,00,000 was paid by means of a bank draft and for the balance…

Accountancy Class 12 General

Mangla Cortubi Ltd. Took over a unit of Mangla Tubes Ltd.

45 :- Mangla Cortubi Ltd. Took over a unit of Mangla Tubes Ltd. consisting of Machinery - Rs 40,00,000. Tools and Dies - Rs 10,00,000 and Liabilities of Rs 25,00,000…

Accountancy Class 12 General

Sona Ltd. purchased machinery costing Rs 17,00,000

43 :- Sona Ltd. purchased machinery costing Rs 17,00,000 from Mona Ltd. Sona Ltd. paid 20% of the amount by cheque and for the balance amount issued Equity Shares of…

Accountancy Class 12 General

Rajan Ltd. purchased assets from Geeta & Co. for Rs 5,00,000

42 :- Rajan Ltd. purchased assets from Geeta & Co. for Rs 5,00,000. A sum of Rs 1,00,000 was paid by means of a bank draft and for the balance…

Accountancy Class 12 General

Question 46 to 49 (Issue of Shares for Consideration other than Cash)

46 :- Bhushan Lamps Ltd. Issued 30,000 Fully Paid-up shares of Rs 100 each for purchase of the following assets and liabilities from Sharma and Co.:Plant Rs 7,00,000Land and Building…

Accountancy Class 12 General

Light Lamps Ltd. Issued 50,000 shares of Rs 10 each

49 :- Light Lamps Ltd. Issued 50,000 shares of Rs 10 each as fully paid-up to the promoters for their services to set-up the company. It also issued 2,000 shares…

Accountancy Class 12 General

Santoor Ltd. Purchased running business from Sanchar Ltd.

48 :- Santoor Ltd. Purchased running business from Sanchar Ltd. For Rs 15,00,000 payable 10% by cheque and the balance by the issue of fully paid Equity Shares of Rs…

Accountancy Class 12 General

Sandesh Ltd. took over the assets of Rs 7,00,000 and liabilities

47 :- Sandesh Ltd. took over the assets of Rs 7,00,000 and liabilities of Rs 2,00,000 from Sanchar Ltd. for a purchase consideration of Rs 4,59,500. Rs 8,500 were paid…

Accountancy Class 12 General

Bhushan Lamps Ltd. Issued 30,000 Fully Paid-up shares of Rs 100

46 :- Bhushan Lamps Ltd. Issued 30,000 Fully Paid-up shares of Rs 100 each for purchase of the following assets and liabilities from Sharma and Co.:Plant Rs 7,00,000Land and Building…

Accountancy Class 12 General

Question 37 to 41 (Issue of Shares for Consideration other than Cash)

37 :- Random Ltd. took over running business of Mature Ltd. comprising of Assets of Rs 45,00,000 and Liabilities of Rs 6,40,000 for a purchase consideration of Rs 36,00,000. The…