DK Goel Solutions Q 13 Chapter 6 Issue of Shares Class 12 CBSE [2023-24]
Step-by-step solution of Question 13, Chapter 6 Accounting for Companies – Issue of Share Capital, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 13
X Ltd. took over the following assets and liabilities of Y Ltd. :
Land & Building ₹ 20,00,000; Stock ₹ 5,00,000; Sundry Debtors ₹ 2,50,000 and Sundry Creditors ₹ 2,00,000.
X Ltd. paid purchase consideration by issuing Bank Draft of ₹ 16,00,000 and 50,000 Equity Shares of ₹ 20 each at 10% premium. Calculate purchase consideration and pass journal entries in the books of X Ltd.
Solution
All questions of Chapter 6
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About this solution
This is Chapter 6 Accounting for Companies – Issue of Shares of DK Goel For 2024 Examinations.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.
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