Bala Co Ltd. was registered with a share capital of 10,00,000 in shares of 100 each. The company acquired the
Bala Co Ltd. was registered with a share capital of ₹10,00,000 in shares of ₹100 each. The company acquired the business of M/s Sundari and Sons for ₹2,00000 payable as to ₹1,50,000 in fully paid shares and the balance in cash. The directors also decided to allot 150 shares credited as fully paid to the promoters for their service. Pass entries in the books of the company.
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