Pradeep Ltd. has taken over the business of Mr. Sandeep and agreed to pay the purchase price

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Pradeep Ltd. has taken over the business of Mr. Sandeep and agreed to pay the purchase price as given below: 

(a) 2,800 shares of ₹50 each fully paid at ₹60 per share. 

(b) ₹25,000 in 8% preference shares of ₹100 each issued at premium of 25%.

(c) ₹20,000 in Cash.

You are required to compute the amount of purchase consideration payable to Mr. Sandeep.

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Related Book For  answer-question

Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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