Pass journal entries for the following :  (i) X Ltd. purchased L and Building from
Channel: Doubtnut
Date: 2020-04-26

Pass journal entries for the following :  (i) X Ltd. purchased L and Building from R. Sundram for Rs. 5,00,000 payable in fullypaid shares of Rs. 100 each at a premium of 25 %.  (ii) Y Ltd. decided to issue 2,000 shares of Rs. 100 each to the Unit Trust of India as underwriting commission.