Accountancy, asked by vaibhavi13official, 9 months ago

Madhur Ltd. took over the assets of Rs. 3,90,000 and Liabilities of Rs. 40,000 of Rasova Lmt. for a consideration of Rs. 4,00,000. 20% was paid by a cheque and the balance by issue of fully paid equity shares of Rs. 100 each at a premium of 60%. Show necessary journal entries for these transactions in the books of Madhur Lmt.

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Answered by llɱissMaɠiciaŋll

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