Rohit Ltd. Purchased assets worth Re. 41,80,000 from Bhuvnesh IndustrialCorporation and issued equity shares of Re. 100 each, fully paid , in satisfaction of the purchase consideration. Pass necessary Journal entries in the books of RohitLtd. Assuming that shares were issued:a.) at par; b.) at a premium of 10%;c.) at a discount of 5%
Rohit Ltd. Purchased assets worth Re. 41,80,000 from Bhuvnesh IndustrialCorporation and issued equity shares of Re. 100 each, fully paid , in satisfaction of the purchase consideration. Pass necessary Journal entries in the books of RohitLtd. Assuming that shares were issued:a.) at par; b.) at a premium of 10%;c.) at a discount of 5%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Rohit Ltd. Purchased assets worth Re. 41,80,000 from Bhuvnesh Industrial
Corporation and issued equity shares of Re. 100 each, fully paid , in satisfaction of the purchase consideration. Pass necessary
Ltd. Assuming that shares were issued:
a.) at par; b.) at a premium of 10%;
c.) at a discount of 5%
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