Rajan Ltd. purchased the business of Raghu Bros. for 45,00,000, payable in fully paid shares of 100

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Rajan Ltd. purchased the business of Raghu Bros. for ₹45,00,000, payable in fully paid shares of ₹100 each. What entries will be made in the books of Rajan Ltd., if such an issue is made:

(a) At par.

(b) At a premium of 10%

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 30, 2023 06:55 AM

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Rajan Ltd. purchased the business of Raghu Bros. for 45,00,000, payable in fully paid shares of 100

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Date Journal Entries Particulars Shares issued at par Business Purcha...View the full answer

Corporate Accounting

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