Question

Calculate the purchase consideration. Machinery= Rs.112500, Furniture = 37500, Stock = Rs.60,000, Debtors = Rs.30000, Cash = Rs.5000,Creditors= Rs.60000, outstanding Wages= Rs.20,000, Bills Payable= Rs.25,000. All the assets and liabilities were taken over at book values except stock taken over at Rs.70,000 and creditors taken over at Rs.50,000

Answer 1

Answer:

answer is in the photo........