Sunflower Ltd. purchased the running business from Bhaskar for ₹ 15,00,000 payable ₹ 12,00,000

166 viewsMarch 10, 2024[ISC] Accounting for Share Capital

Anurag Pathak24.20K March 3, 2024 0 Comments

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.

	₹
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

You are required to pass necessary Journal entries in the company’s books.

Anurag Pathak Changed status to publish March 10, 2024

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Anurag Pathak24.20K Posted March 3, 2024 0 Comments

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Anurag Pathak Changed status to publish March 3, 2024

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