X Ltd. Took over the following …

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X Ltd. Took over the following assets and liabilities of Y Ltd. Land and building 2000000,stock 500000,debtors 250000,creditors 200000. X ltd. Paid purchase consideration by issuing bank draft of 1600000 and 50000 equity shares of 20 each at 10% premium. Calculate purchase consideration and pass journal entries in the books of X ltd.
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