Question

Sandesh Ltd. took over the assets of ₹ 7,00,000 and liabilities of ₹ 2,00,000 from Sanchar Ltd. for a purchase consideration of ₹ 4,59,500. ₹ 8,500 were paid by accepting a draft in favour of Sanchar Ltd. payable after three months and the balance was paid by issue of equity shares of ₹ 10 each at a premium of 10% in favour of Sanchar Ltd.
Pass necessary journal entries for the above transactions in the books of Sandesh Ltd.

Answer 1

Hey dude your answer is

Sandesh had to pay 7000 per glday to overcome it's 10 percentage so that he will pay the money

Answer 2

Answer:

HOPE Y'LL UNDERSTAND THE ANSWER

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