Sandesh Ltd. purchased a running business from Sanchar Ltd for ₹ 15,00,000 payable 10% by cheque and the balance by the issue of fully paid Equity Shares of ₹ 100 each at a premium of 20%
Sandesh Ltd. purchased a running business from Sanchar Ltd for ₹ 15,00,000 payable 10% by cheque and the balance by the issue of fully paid Equity Shares of ₹ 100 each at a premium of 20%. The assets and liabilities consisted of the following:
Pass the necessary Journal entries in the books of Sandesh Ltd.
[Ans.: Goodwill – ₹ 50,000; No. of Shares to be issued – 11,250.]
| Particulars | Book Value (₹) | Agreed Value (₹) |
| Building Plant and Machinery Stock Trade Receivables Trade Payables | 5,00,000 3,00,000 6,00,000 2,80,000 1,80,000 | 6,50,000 2,50,000 5,00,000 2,50,000 2,00,000 |
Anurag Pathak Changed status to publish September 3, 2023
