Pandanus Ltd. purchased assets from Geeta & Co. for ₹ 5,00,000. A sum of ₹ 1,00,000 was paid by a bank draft and for the balance due, Pandanus Ltd. issued Equity Shares of ₹ 10 each at a premium of 25%. Journalise the above transactions in the books of the company.

Anurag Pathak Changed status to publish March 10, 2024
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