Question

mr. kanha had 1000 shares of ICCI Ltd. of 100 each. In marcg 2014,he sold his shares @ 980 each with this amount he decided that all the transactions should be made through bank and deposit the whole money in Dena Bank. he decided to set up a new busss of kids ggarments on 1 april 2014 under the name M/s alpana garments . he purchase a running factory of kids garments consisting of factory land and buildings 400000 plant and machinery 350000 furniture 50000 stock 90000but agreed to pay 950000 as purchase consideration . he later approach his banker for a loan to meet working capital requirements. bank advance loan amounting 400000@ 10% p.a. he purchase a laptop for 30000. his transaction​

Answer 1

Answer:

Explanation: project for alpana kids garments