Question

Modi & Co. took over assets and liabilities as follows: Goodwill Rs 40,000, Land & Building Rs 80,000, Furniture Rs 20,000,Debtors (Book Value Rs.30,000) at 10% R.D.D. Bank Balance Rs 13,000,Creditors Rs 35,000,Bill Payable Rs. 5,000. Find out Purchase Consideration.
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Answer 1

Answer:

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Explanation:

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