Hi,

I have to do general journal entries for the following:

Purchase of a business according to AASB3 and

Settlement of Purchase Consideration

In this case there will be negative goodwill. As far as I know I will have to list all the assets on the debit side and the negative goodwill on the credit side. What I don't know and need help with is the fact that the business has been bought with fully paid shares. How do I show that in a general journal entry?