WebOct 3, 2024 · closed Dec 12, 2024 by Riteshsingh Exe Ltd. Took over assets of ₹ 7,00,000 and liabilities of ₹ 60,000 of Wyc Ltd. For the purchase consideration by issuing 9% … WebExe. Ltd. purchased assets of the book value of Rs. 4,00,000 and took over the liabilities of Rs. 50,000 from Mohan Bros. It was agreed that the purchase consideration, settled at …
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WebAug 9, 2024 · Wye Ltd. purchased an established business for Rs.2,00,000 payable as Rs.65,000 by cheque and the balance by an issue of 9% Debentures of Rs.100 each at a discount of 10%. Give Journal entries in … WebDec 16, 2024 · Hina Ltd. purchased assets of Harish Ltd. for Rs. 8,40,000 and took over the liabilities (creditors) of Rs. 80,000 for an agreed purchase consideration of Rs. …
WebJul 1, 2024 · Exe Ltd. purchased the assets of the book value ₹4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros.It was agreed that the purchase consideration, settled at ₹ 3,80,000 be paid by issuing … WebApr 20, 2024 · Exe. Ltd. purchased assets of the book value of Rs. 4,00,000 and took over the liabilities of Rs. 50,000 from Mohan Bros. It was agreed that the purchase …
WebExe Ltd. purchased assets of the book value of Rs.4,00,000 and took over the liabilities of Rs.50,000 from Mohan Bros. It was agreed that the purchase consideration, settled at … Web(a) During 2006, the business of a sole trader was purchased by issuing shares for Rs. 2, 00,000. The assets acquired from him were: Goodwill Rs. 20,000, Machinery Rs. 1, 00,000, Stock Rs. 50,000 and Debtors Rs. 30,000. ADVERTISEMENTS: (b) Provision for tax charged in 2006 was Rs. 35,000.
WebMar 29, 2024 · Exe Ltd. Purchased assets of the books value ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros. It was agreed thet the purchaase consideration, settled at ₹ 3,80,000, be paid...
WebExe Ltd. purchased the assets of the book value ₹4,00,000 and took over the liabilities of ₹50,000 from Mohan Bros.It was agreed that the purchase consideration ,settled at ₹3,80,000 be paid by issuing debentures of ₹100 each. Pass journal entries if debenture are issued: (a) at par (b) at a discount of 10% and (c) at a premium of 10%. new heatwave ukWebThe following information is available from the balance sheet of Zed Ltd. as on 31st March, 20X1: `in lakhs Property, plant and equipment 120 Investments 55 Current Assets 70 Loans & Advances 15 15% Debentures 90 Current Liabilities 50 The following revaluations have been agreed upon (not included in the above figures): Property, plant and … new heat walesWebPurchases Consideration is the amount agreed to be paid for taking over the business from another enterprise. Purchases consideration may be given in the question; otherwise it … new heat ufhWebExe. Ltd. purchased assets of the book value of Rs. 4,00,000 and took over theliabilities of Rs. 50,000 from Mohan Bros. It was agreed that the purchase consideration, settled at Rs. 3,80,000, be paid by issuing debentures of Rs. 100 each.What Journal entries will be made in the following three cases if debentures are issued. new heat treorchyWebX Ltd. purchased assets of Y ltd. as under. Plant and Machinery Rs. 8,00,000 Land and Building Rs. 72,00,000. The purchase consideration was Rs. 80,00,000. Rs 20,00,000 … intestianal issues and canker soresWebOct 5, 2024 · Exe Ltd. Purchased assets of the books value ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros. It was agreed thet the purchaas new heat wave comingWebApr 20, 2024 · Exe. Ltd. purchased assets of the book value of Rs. 4,00,000 and took over the liabilities of Rs. 50,000 from Mohan Bros. It was agreed that the purchase consideration, settled at Rs. 3,80,000, be paid by issuing debentures of Rs. 100 each. What Journal entries will be made in the following three cases if debentures are issued. (a) at par new heavan college phillip island unifirm