Question

Abdul Ltd having a capital of Rs. 10,00,000 divided into 10,000 shares of Rs. 100 (Rs. 75 paid up) and a reserve fund of Rs. 2,50,000 was absorbed by National timber Ltd. having a capital of Rs. 40,00,000 divided into 40,000 shares of Rs. 100 each (Rs. 60 paid up) and a reserve fund of Rs. 16,00,000 on the terms that for every four shares in Abdul Ltd, National Timber Ltd. was to give five shares partly paid as its original ones. prepare ledger accounts to close the books of Abdul Ltd.​

Answer 1

Answer:

750000isbalanceofthem