0. 14. Madhur Ltd. took over the assets of 33.90,000 and Liabilities of 340,000 of Rasova Ltd. for a consideration of 34,00,000. 20% was paid by a cheque and the balance by issue of fully paid equity shares of 100 each at a premium of 60%. Show necessary journal entries for these transactions in the books of Madhur Ltd. (Ans. Goodwill 350,000; Number of shares issued 2,000.]
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