Question

The company took the following assets except
Rs.
Freehold property
44.000
Machinery
22,000
Book debts
28,000
Stock
24,000
Goodwill
8,000
The company also agreed to pay the creditors which was agreed a
The company paid 3,300 shares of Rs. 10 each fully paid and
cash. The realisation expenses amounted to Rs. 1,000.
Prepare necessary ledger a/cs in the books of the firm.​

Answer 1

Step-by-step explanation:

The company took the following assets except

Rs.

Freehold property

44.000

Machinery

22,000

Book debts

28,000

Stock

24,000

Goodwill

8,000

The company also agreed to pay the creditors which was agreed a

The company paid 3,300 shares of Rs. 10 each fully paid and

cash. The realisation expenses amounted to Rs. 1,000.

Prepare necessary ledger a/cs in the books of the