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Purchase consideration

Home » Purchase consideration
Posted inAccountancy Class 12 General

Bright Ltd. took over the assets of Rs 6,60,000 and liabilities

29 :- Bright Ltd. took over the assets of Rs 6,60,000 and liabilities of Rs 80,000 of Star Ltd. for an agreed purchase consideration of Rs 6,00,000 payable 10% in…
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Posted inAccountancy Class 12 General

Star Ltd. took over the assets of ₹ 6,60,000 and liabilities

28 :- Star Ltd. took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of Moon Ltd. for ₹ 6,00,000. Give necessary Journal entries in the books of…
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Posted inAccountancy Class 12 General

Neeraj Ltd. took over business of Ajay Enterprises on 1-04-2020

26 :- Neeraj Ltd. took over business of Ajay Enterprises on 1-04-2020. The details of the agreement regarding the assets and liabilities to be taken over are: It was decided…
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Posted inAccountancy Class 12 General

Exe Ltd. purchased assets of the book value ₹ 4,00,000

22 :- Exe Ltd. purchased assets of the book value ₹ 4,00,000 and took over the liabilities of Rs 50,000 from Mohan Bros. It was agreed that the purchase consideration,…
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Posted inAccountancy Class 12 General

Romi Ltd. acquired assets of Rs 20 lakh and took over creditors

20 :- Romi Ltd. acquired assets of Rs 20 lakh and took over creditors of Rs 2 lakh from Kapil Enterprises. Romi Ltd. issued 8% Debentures of Rs 100 each at a discount…
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Posted inAccountancy Class 12 General

Surya Ltd. Took over assets of Rs 40,00,000 and Liabilities of Rs 7,50,000

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…
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Posted inAccountancy Class 12 General

Sandesh Ltd. took over the assets of Rs 7,00,000 and liabilities

47 :- Sandesh Ltd. took over the assets of Rs 7,00,000 and liabilities of Rs 2,00,000 from Sanchar Ltd. for a purchase consideration of Rs 4,59,500. Rs 8,500 were paid…
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Posted inAccountancy Class 12 General

Random Ltd. took over running business of Mature Ltd.

37 :- Random Ltd. took over running business of Mature Ltd. comprising of Assets of Rs 45,00,000 and Liabilities of Rs 6,40,000 for a purchase consideration of Rs 36,00,000. The…
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