Sunflower Ltd. purchased the running business from Bhaskar for ₹ 15,00,000 payable ₹ 12,00,000
Sunflower Ltd. purchased the running business from Bhaskar for ₹ 15,00,000 payable ₹ 12,00,000 in fully paid shares of ₹ 10 each and balance through cheque.
You are required to pass necessary Journal entries in the company’s books.
| ₹ | |
| Plant and Machinery | 6,00,000 |
| Building | 4,00,000 |
| Sundry Debtors | 1,60,000 |
| Stock | 2,00,000 |
| Cash | 3,00,000 |
| Sundry Creditors | 60,000 |
Anurag Pathak Changed status to publish March 10, 2024
