A Ltd. is absorbed by B Ltd., the consideration being the takeover of liabilities, the payment of
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A Ltd. is absorbed by B Ltd., the consideration being the takeover of liabilities, the payment of cost of absorption as part of purchase consideration not exceeding ₹10,000; the payment of the debentures of ₹15 lakh at a premium of 10% and the payment of ₹15 per share in cash and allotment of one 10% preference share of ₹10 each and five equity shares of ₹10 each fully paid for every four shares in A Ltd. The number of shares of A Ltd. are 2 lakh of ₹10 each fully paid. Compute the amount of consideration.
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Related Book For 
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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