Star and Moon had been carrying on business independently. They agreed to amalgamate and form a new
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Star and Moon had been carrying on business independently. They agreed to amalgamate and form a new company Neptune Ltd. with an authorised share capital of ₹ 2,00,000 divided into 40,000 equity shares of ₹ 5 each. On 31st March, 2016, the respective Balance Sheets of Star and Moon were as follows:
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Lets calculate the amount of debentures and shares to be issued to Star and Moon and then prepare the Balance Sheet of Neptune Ltd after amalgamation ...View the full answer
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Related Book For 
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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