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प्रश्न
Jain Ltd purchased machinery costing ₹ 10,00,000 from Ayer Ltd. 50% of the payment was made by cheque and for the remaining 50% , the company issued Equity Shares of ₹ 100 each at a premium of 25% . Pass necessary Journal entries in the books of Jain Ltd . for the above transaction.
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उत्तर
Books of Jain Ltd.
Journal
|
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
|
|
Machinery A/c |
Dr. |
|
10,00,000 |
|
|
|
To Ayer Ltd. |
|
|
10,00,000 |
|
|
|
(Machinery purchased from Ayer Ltd.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Ayer Ltd. |
Dr. |
|
5,00,000 |
|
|
|
To Bank A/c |
|
|
5,00,000 |
|
|
|
(Payment made to Ayer Ltd.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Ayer Ltd. |
Dr. |
|
5,00,000 |
|
|
|
To Equity Share Capital A/c |
|
|
4,00,000 |
|
|
|
To Securities Premium A/c |
|
|
1,00,000 |
|
|
|
(4,000 equity shares of Rs 100 each issued at 25% premium) |
|
|
|
|
Working Note-
1. Amount paid through bamk draft
=`1000000 xx 50/100`
= Rs 500000
2. Number of share issued
=`500000/(100 + 25)`
= 4000 shares
