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Raghav ltd. Purchased a running business …

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Raghav ltd. Purchased a running business from krishna traders for a sum of rs 15,00,000 payable rs 3,00,000 by cheque and for the balance issued 9% debentures of rs 100 each at par The assets and liabilities consisted of the following: Plant and machinery 4,00,000 Buildings. 6,00,000 Stock. 5,00,000 Sundry debtors. 3,00,000 Sundry creditors. 2,00,000 Record necessary journal entries in the books of raghav ltd.

Posted by Kirat Singh 5 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Kunal Paliwal 5 years, 10 months ago

Plant and machinery a/c Dr. 4,00,000 Buildings a/c Dr. 6,00,000 Stock a/c Dr. 5,00,000 Sundry debtors a/c Dr. 3,00,000 Goodwill a/c. Dr. 1,00,000 To sundry creditors a/c 2,00,000 To Bank a/c 3,00,000 To 9% Debentures 14,00,000

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