Question - 39 (A)

Trranya Ltd. purchased a machine from tanishk Ktd. for Rs. 7,20,000 and issued Rs. 100 fully paid shares in payment pass journal entries in the book of Trranya Ltd. if :

  1. The shares are issued at 20% premium.
  2. The shares are issued at per value.

Question - 39 (B)

Sundram Ltd. purchase furniture for Rs. 3,00,000 from Ravindram company Ltd. Rs. 1,00,000 were paid by drawing a promissory mote in favour of ravindram company Ltd.
The balance was paid by issue of equity shares of Rs. 10 each at a premium of 25% pass necessary journal entires in the books of sundram Ltd.

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