1.

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.

Answer»

TE YOUR ANSWER ISTHE 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.HOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️FOLLOW ME



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