(b) Ganguly Ltd was formed with an authorized capital of Rs 12,00,000 divided into 1,20,000 equity shares of Rs 10 each, to acquire the business of A and B whose balance sheet on the date of acquisition was as follows Liabilities Ra Assets 6,00,000 Freehold premises Rs Capital 7,00,000 General res...

Answer To record the acquisition of business of A and B by Ganguly Ltd the following journal entries ...

(b) Ganguly Ltd. was formed with an authorized capital of Rs 12,00,000 divided into 1,20,000 equity...

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(b) Ganguly Ltd. was formed with an authorized capital of Rs 12,00,000 divided into 1,20,000 equity...

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Answer To record the acquisition of business of A and B by Ganguly Ltd the following journal entries ... View the full answer

Corporate Accounting

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