Question

X Ltd. purchased assets of Rs.3,80,000 from Ram traders. It

issued equity shares of Rs.10 each fully paid in satisfaction of

their claims. what entries will be made in case such issue is

(a) At par

(b) At a premium of 25%​

Answer 1

Answer:

At par =38000

At a premium = 30400

Explanation:

At Par = 380000

10

38000

At a premium= 380000

12.5

30400