Question

Q.4A) Following is the summarized Balance Sheet of Chandra Ltd. as on 31/03/2018.
AMOUNT
AMOUNT
ASSETS
Land and Building
60.00.000
1,28,00,000
LIABILITIES
16,00,000 Equity Shares of
Rs10 each, Rs 8 paid up
Profit and Loss A/C
Security Premium
10% Debcntures
Bank Term Loan
60,00,000
44,00.000
1,20,00,000 Plant and Machinery
40,00,000 | Furniture
40,00,000 Investinents
40,00,000 Debtors
30,00,000
94,00,000
Creditors
60,00,000 Bank Balance
1,00,00.000
Stock
40,00.000
4,28,00,000
4,28.00,000
The Company decided to Buy back maximum number of Equity shares as may be permitted
at a price of 20 per share being the current market price. Assuming that Buy-back is actually
carried out, You are required to pass necessary Journal entries in the books of the company
(15)​

Answer 1

HEYA MATE YOUR ANSWER IS

30,00,000

94,00,000

Creditors

60,00,000 Bank Balance

1,00,00.000

Stock

40,00.000

4,28,00,000

4,28.00,000

The Company decided to Buy back maximum number

HOPE THIS HELPS ❤️

PLEASE MARK AS BRAINLIEST ❤️❤️