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

Goodluck Ltd. purchased machinery costing Rs 10,00,000

41 :- Goodluck Ltd. purchased machinery costing Rs 10,00,000 from Fair Deals Ltd. The company paid the price by issue of Equity Shares of Rs 10 each at a premium…

Accountancy Class 12 General

Z Ltd. purchased furniture costing Rs 2,20,000 from C.D Ltd

40 :- Z Ltd. purchased furniture costing Rs 2,20,000 from C.D Ltd. The payment was to be made by issue of 9% Preference Shares of Rs 100 each at a…

Accountancy Class 12 General

‘Amrit Dhara Ltd.’ issued 800 Equity shares of Rs 100 each

39 :- ‘Amrit Dhara Ltd.’ issued 800 Equity shares of Rs 100 each at a premium of 25% as Fully Paid-up in consideration of the purchase of Plant and Machinery…

Accountancy Class 12 General

2,000 Equity shares of Rs 10 each were issued to Moon Limited

38 :- 2,000 Equity shares of Rs 10 each were issued to Moon Limited from whom assets of Rs 25,000 were acquired. Pass Journal entry. Solution :- Back to Previous…

Accountancy Class 12 General

Random Ltd. took over running business of Mature Ltd.

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…

Accountancy Class 12 General

Question 34 to 36 (Calls-in-Arrears and Calls-in-Advance)

34 :- Ghosh Ltd. made the second and final call on its 50,000 Equity Shares @ Rs 2 per share on 1st January, 2016. The entire amount was received on 15th January,2016…

Accountancy Class 12 General

Usha Ltd. was formed with a capital of Rs 10,00,000

36 :- Usha Ltd. was formed with a capital of Rs 10,00,000 dividend into shares of Rs 100 each. It offered 90% shares to public for subscription. The amount per…

Accountancy Class 12 General

Avon Ltd. issued for subscription 10,000 shares of Rs 25 each

35 :- Avon Ltd. issued for subscription 10,000 shares of Rs 25 each, payable Rs 5 per share on application, Rs 10 per share on allotment (including Rs 5 per…

Accountancy Class 12 General

Ghosh Ltd. made the second and final call on its 50,000

34 :- Ghosh Ltd. made the second and final call on its 50,000 Equity Shares @ Rs 2 per share on 1st January, 2016. The entire amount was received on 15th January,2016…

Accountancy Class 12 General

Question 23 to 27 (Oversubscription)

23 :- Tiny Toys Ltd. issued Rs 10,00,000 shares of Rs 100 each at a premium of Rs 20 for subscription payable as :Rs 10 per share on application;Rs 40…