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A limited Company was registered with an authorised capital of Rs 2,00,000 in Rs 10 shares, of these 6,000 shares were issued as fully paid to the vendors for the purchase of buildings. Pass the necessary journal entries.

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Solution

JOURNAL Date ParticularsL.FDr (Rs)Cr. (Rs)Building A/cDr.60,000 To Vendors A/c60,000(Building purchased)Vendors A/cDr.60,000 To Share Capital A/c60,000(Shares issued to vendors)


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