The Total solution for NCERT class 6-12
Book of Bansal Heavy Machine Ltd
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Date
Particulars
L.F.
Debit
Amount
Rs
Credit
Machinery A/c
Dr.
3,20,000
To Cash A/c
50,000
To Handa Traders
2,70,000
(Machine purchased from Handa Traders paid Rs 50,000 in
cash immediately)
Handa Trader
2,79,000
Discount on Issue of Shares A/c
30,000
To Share Capital A/c
3,00,000
(3,000 share issued at Rs 90 face value of Rs 100 each to
Handa Traders in consideration of amount due to him for
machinery purchased)