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प्रश्न
Sure Ltd. purchased a running business from M/s. Rai Brothers for a sum of ₹ 15,00,000 payable ₹ 12,00,000 in fully paid shares of ₹ 10 each and balance through cheque.
The assets and liabilities consisted of the following:
| Plant and Machinery | ₹ 4,00,000 | Stock | ₹ 4,00,000 |
| Building | ₹ 4,00,000 | Cash | ₹ 3,00,000 |
| Sundry Debtors | ₹ 3,00,000 | Sundry Creditors | ₹ 2,00,000 |
You are required to pass necessary Journal entries in the company's books.
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उत्तर
Books of Sure Ltd.
Journal
|
Date |
Particulars |
L.F. |
Debit Amount (₹) |
Credit Amount (₹) |
|
|
|
Plant and Machinery |
Dr. |
|
4,00,000 |
|
|
|
Building A/c |
Dr. |
|
4,00,000 |
|
|
|
Sundry Debtors A/c |
Dr. |
|
3,00,000 |
|
|
|
Stock A/c |
Dr. |
|
4,00,000 |
|
|
|
Cash A/c |
Dr. |
|
3,00,000 |
|
|
|
To Sundry Creditors A/c |
|
|
2,00,000 |
|
|
|
To M/s Rai Brothers |
|
|
15,00,000 |
|
|
|
To Capital Reserve A/c |
|
|
1,00,000 |
|
|
|
(Business of M/s Rai Brothers took over) |
|
|
|
|
|
|
|
|
|
|
|
|
|
M/s Rai Brothers |
Dr. |
|
12,00,000 |
|
|
|
To Share Capital A/c |
|
|
12,00,000 |
|
|
|
(Shares issued to M/s Rai Brothers) |
|
|
|
|
|
|
|
|
|
|
|
|
|
M/S Rai Brothers |
Dr. |
|
3,00,000 |
|
|
|
To Bank A/c |
|
|
3,00,000 |
|
|
|
(Payment made to M/s Rai Brothers through cheque) |
|
|
|
|
