Question

2) Kailash ltd purchased arsets of
Ps. 300000 from Sril bros it issued
equity shares of Rs. 100 each
fully
paid up in satisfaction of their
claim make you nas enties to record
these transaction.​

Answer 1

Answer:

sundry assets. dr. 300000

To Stil bros. 300000

Sril bros. dr. 300000

To share capital. 300000

no. of shares issued = 300000/100=3000shates