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प्रश्न
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.
रोजनामा प्रविष्टि
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उत्तर
Books Goodluck Ltd.
Journal
|
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
||
|
|
Machinery A/c |
Dr. |
|
10,00,000 |
|
|
|
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To Fail Deals Ltd. |
|
|
10,00,000 |
||
|
|
(Machinery purchased from Fair Deals Ltd.) |
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|
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|
|
|
|
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||
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Fair Deals Ltd. |
Dr. |
|
10,00,000 |
|
|
|
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To Equity Share Capital A/c |
|
|
8,00,000 |
||
|
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To Securities Premium A/c |
|
|
2,00,000 |
||
|
|
(80,000 equity shares of Rs 10 each issued at 25% premium) |
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|
||
Working Note:
Number of Shares issued = `1000000/(10 + 2.5) = 80000 "Shares"`
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