46 :- Bhushan Lamps Ltd. Issued 30,000 Fully Paid-up shares of Rs 100 each for purchase of the following assets and liabilities from Sharma and Co.:
Plant Rs 7,00,000
Land and Building Rs 12,00,000
Stock-in-Trade Rs 9,00,000
Sundry Creditors Rs 2,00,000
You are required to pass necessary Journal entries.
Solution :-
