42 :- Rajan Ltd. purchased assets from Geeta & Co. for Rs 5,00,000. A sum of Rs 1,00,000 was paid by means of a bank draft and for the balance due to Rajan Ltd. issued Equity Shares of Rs 10 each at a premium of 25%.
Journalise the above transactions in the books of the company.
43 :- Sona Ltd. purchased machinery costing Rs 17,00,000 from Mona Ltd. Sona Ltd. paid 20% of the amount by cheque and for the balance amount issued Equity Shares of Rs 100 each at a premium of 25%.
Pass necessary Journal entries for the above transactions in the books of Sona Ltd. Show your working notes clearly.
44 :- Surya Ltd. Took over assets of Rs 40,00,000 and Liabilities of Rs 7,50,000 of Moon Ltd. Surya Ltd. Paid the purchase consideration by issuing 17,600; 10% Preference Shares of Rs 100 each at a premium of 25% and Rs 12,00,000 by Bank Draft. Calculate purchase consideration and pass the necessary Journal entries in the Books of Surya Ltd.
45 :- Mangla Cortubi Ltd. Took over a unit of Mangla Tubes Ltd. consisting of Machinery – Rs 40,00,000. Tools and Dies – Rs 10,00,000 and Liabilities of Rs 25,00,000 for a consideration of Rs 20,00,000. The consideration was paid by issuing Equity Shares of Rs 10 each at a premium of Rs 5.
You are required to pass the Journal entries in the books of Mangla Cortubi Ltd.