Question

Deep company Purchased Machinery from pawan stores, Indore, they paid
,
30,000 cash and for balance issued 5,000 equity share of 10 each. Pass
necessary Journal Entries.​

Answer 1

Answer:

Machinery A/c dr. 80000

To Pawan Stores A/c 80000

Pawan Stoes A/c dr. 80000

To Cash A/c 30000

To Equity Share Capital A/c 50000