Question

X limited formed with the authorized capital of
Rs. 10,00,000. It issued to public 20,000 share of
Rs. 10 each and received the full issue price
along with application.
It also acquired Plant and Machinery and goods
of Rs. 60,000 and Rs. 10,000 respectively from G-
1 Limited. Against such machineries' and goods,
company is ready to take the creditors of G-1
Limited of Rs. 15,000 and balance consideration
is discharged by the company by issuing share
of Rs. 10 each
Pass the journal entry for the above
​

Answer 1

Answer:

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Explanation:

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