Give journal entries for:chandra limited purchased assets of 50000 from prakash limited .It issued shares of rs.10 each fully paid in satisfaction of their calm
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Assets Dr 50,000
To Equity Share capital A/c 50,000
(being assets purchased from Chandra Ltd. in consideration of 5000 share@10 each)
To Equity Share capital A/c 50,000
(being assets purchased from Chandra Ltd. in consideration of 5000 share@10 each)
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