Accountancy, asked by vaibhavats237, 1 year ago

A co. issued 15000 fully paid up share of the 100 each for tha purchase of tha following assets and liability from mohan brother , Land and Building 600000, Plant 350000, stock 450000, sundry creditors 100000 . pass necessary journal entry

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Answered by gauravprakash231

Answer:

₹25500 were paid by issuing promissory note in favour of P Ltd. payable after two months and the balance was paid by issue of equity shares of ₹100 each at a premium of 25%. Pass necessary journal entries for the above transactions in the books of K Ltd. ... Sundry assets A/C Dr ...

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