question_answer

Designs Unlimited is in garment business. As its corporate social responsibility, it decided to install 100 toilets in the schools. The project was named 'Swastha Bharat'. It purchased materials worth Rs. 2,25,000 from Indian Traders Ltd. Payment made as Rs. 5,000 by a cross cheque and remaining by issuing equity shares of Rs. 10 each at 10% premium. Pass journal entries for the same. Identify the value being conveyed in the question.

Answer:

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