Pass journal entries to record the following transactions in the books of XY Ltd. Name of the
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Pass journal entries to record the following transactions in the books of XY Ltd.
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Name of the Purchasing Company: Name of the Vendor: Purchase price: Mode of payment of purchase price: Value of assets taken over: Liabilities taken over: XY Ltd. Raman *2,15,000 10,000 equity shares of 10 each at a Premium of 2 and balance in cash. *2,60,000 €30,000
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To record the purchase of assets from Raman by XY Ltd you would need to make the ...View the full answer
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