Vaishali Ltd., purchased the business of Vikram Ltd., for 4,00,000 payable in fully paid up shares of
Question:
Vaishali Ltd., purchased the business of Vikram Ltd., for ₹4,00,000 payable in fully paid up shares of ₹100 each. What entries will be made in the books of Vaishali Ltd., if such issue is:
(i) At Par;
(ii) At a premium of 10% and (iii) at a discount of 10%?
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