The following are the balance sheets of A and B as on 31st March, 2010: Goodwill of
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The following are the balance sheets of A and B as on 31st March, 2010:
Goodwill of A and goodwill of B are to be valued at ₹60,000 and ₹20,000, respectively. A purchased B for which it agreed to issue requisite number of equity shares of face value ₹100, each at a premium of ₹25 each. Show accounts in the books of B and post amalgamation balance sheet in the books of A.
Transcribed Image Text:
Liabilities Equity shares * 100 each Reserves 8% Debentures Sundry Creditors Balance Sheet as on 31st March, 2010 A B Assets 3,00,000 1,50,000 Fixed assets 1,00,000 30,000 Current assets 1,00,000 50,000 Preliminary expenses 1,25,000 75,000 6,25,000 3,05,000 A 4,15,000 2,00,000 10,000 6,25,000 B 1,25,000 1,75,000 5,000 3,05,000
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