Vaishali Ltd., purchased the business of Vikram Ltd., for 4,00,000 payable in fully paid up shares of

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Vaishali Ltd., purchased the business of Vikram Ltd., for ₹4,00,000 payable in fully paid up shares of ₹100 each. What entries will be made in the books of Vaishali Ltd., if such issue is:

(i) At Par;

(ii) At a premium of 10% and (iii) at a discount 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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Vaishali Ltd., purchased the business of Vikram Ltd., for 4,00,000 payable in fully paid up shares of

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Corporate Accounting

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