Question :

K Ltd. took over the assets of Rs. 15,00,000 and liabilities of Rs. 5,00,000 of P Ltd. for a purchase consideration of Rs. 13,68,500. Rs. 25,500 were paid by issuing a promissory note in favour of P Ltd. payable after two months and the balance was paid by issue of equity shares of  Rs. 100 each at a premium of 25%.

 On the basis of the above question choose the correct option to the following case

Question: The amount that will  be debited to goodwill will be:

Option 1: Rs. 3,73,500

Option 2: Rs. 13,68,500

Option 3: Rs. 3,68,500

Option 4: None of theses 

Question :

K Ltd. took over the assets of Rs. 15,00,000 and liabilities of Rs. 5,00,000 of P Ltd. for a purchase consideration of Rs. 13,68,500. Rs. 25,500 were paid by issuing a promissory note in favour of P Ltd. payable after two months and the balance was paid by issue of equity shares of  Rs. 100 each at a premium of 25%.

 On the basis of the above question choose the correct option to the following case

Question: The amount that will  be debited to goodwill will be:

Option 1: Rs. 3,73,500

Option 2: Rs. 13,68,500

Option 3: Rs. 3,68,500

Option 4: None of theses 

Question : K Ltd. took over the assets of  Rs. 15,00,000 and liabilities of  Rs. 5,00,000 of P Ltd. for a purchase consideration of  Rs. 13,68,500. Rs. 25,500 were paid by issuing a promissory note in favour of P Ltd. payable after two months and the balance was paid by issue of equity shares of  Rs. 100 each at a premium of 25%.

 On the basis of the above question choose the correct option to the following case

Question:- Number of shares issued will be 

Option 1: 40,000

Option 2: 10,700

Option 3: 10,744

Option 4: None of these 

Question : K Ltd. took over the assets of  Rs. 15,00,000 and liabilities of  Rs. 5,00,000 of P Ltd. for a purchase consideration of  Rs. 13,68,500. Rs. 25,500 were paid by issuing a promissory note in favour of P Ltd. payable after two months and the balance was paid by issue of equity shares of  Rs. 100 each at a premium of 25%.

 On the basis of the above question choose the correct option to the following case

Question:- Number of shares issued will be 

Option 1: 40,000

Option 2: 10,700

Option 3: 10,744

Option 4: None of these 

Question :

Pranjal Ltd. purchased a running business from Vaibhav Ltd. for a sum of Rs. 2,50,000 payable as Rs. 2,30,000 in fully paid equity shares of Rs. 10 each and balance by bills payable. The assets and liabilities consisted of the following:

Plant and Machinery  Rs. 90,000; Building  Rs. 90,000; Sundry Debtors  Rs. 30,000; Stock  Rs. 50,000; Cash  Rs. 20,000; Sundry Creditors  Rs. 20,000.

Question:- How many shares will be issued by the company?

Option 1: 23,000 equity shares 

Option 2: 20,000 equity shares

Option 3: 25,000 equity shares

Option 4: None of these 

Question :

Pranjal Ltd. purchased a running business from Vaibhav Ltd. for a sum of Rs. 2,50,000 payable as Rs. 2,30,000 in fully paid equity shares of Rs. 10 each and balance by bills payable. The assets and liabilities consisted of the following:

Plant and Machinery  Rs. 90,000; Building  Rs. 90,000; Sundry Debtors  Rs. 30,000; Stock  Rs. 50,000; Cash  Rs. 20,000; Sundry Creditors  Rs. 20,000.

Question:- How many shares will be issued by the company?

Option 1: 23,000 equity shares 

Option 2: 20,000 equity shares

Option 3: 25,000 equity shares

Option 4: None of these