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प्रश्न
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.
उत्तर
Sandesh Ltd.
Journal
|
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
|
(i) |
Sundry Assets A/c |
Dr. |
|
7,00,000 |
|
|
|
To Sundry Liabilities A/c |
|
|
|
2,00,000 |
|
|
To Sanchar Ltd. |
|
|
|
4,59,500 |
|
|
To Capital Reserve A/c |
|
|
|
40,500 |
|
|
(Purchase of assets and liabilities of Sanchar Ltd.) |
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Sanchar Ltd. |
Dr. |
|
4,59,500 |
|
|
|
To Equity Share Capital A/c |
|
|
|
4,10,000 |
|
|
To Securities Premium A/c |
|
|
|
41,000 |
|
|
To Bank A/c |
|
|
|
8,500 |
|
|
(41,000 Equity Shares issued of Rs 10 each at a premium of Re 1 per share and Rs 8,500 by bank draft) |
|
|
|
|
Working Notes:
WN1: Calculation of Number of Equity Shares
Number of shares issued =`"Purhase consideration "/"issue Price"`
`= 451000/11 = 41000` equity shares
APPEARS IN
संबंधित प्रश्न
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|
|
Equity Shares |
Preference Shares |
|
On Application |
Rs 3 per share |
Rs 3 per share |
|
On Allotment |
Rs 5 per share |
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|
|
(including a premium) |
|
|
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| Particulars | Note no. | 31.3.2021 (₹) | 31.3.2020 (₹) |
| I EQUITY AND LIABILITIES | |||
| 1. Shareholder’s Funds: | |||
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| II ASSETS | |||
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