Question

Rajan Ltd. purchased a running business from Vikash Ltd. for a
sum of 2,50,000 payable as * 2,20,000 in fully paid equity
shares of 10 each and balance by a Bank draft. The assets and
liabilities consisted of the following:
Plant and Machinery 90,000; Building 90,000; Sundry
Debtors 30,000; Stock 50,000; Cash 20,000; Sundry
Creditors 20,000.
Journalise the above transactions.​

Answer 1

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Answer 2

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