On 31st March 2009; X Ltd., acquired
Y Ltd., The Balance Sheet of Y Ltd.,
was as follows: LIABILITIES:Equity
Capital 3,00,000/- Reserves
9,50,000/- Current Liabilities
7,20,000/- ASSETS: Fixed Assets
13,00,000/- Current Assets
5,70,000/- Preliminary Expenses
1,00,000
If all the assets and liabilities are
taken at book values the purchase
consideration payable by X Ltd., is
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0
300000 + 950000 + 720000= 1970000
1300000+ 570000 + 100000 = 1970000
The Answer would be 0
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