Saket Ltd. purchased a machinery worth ₹1,20,000 and building worth ₹2,00,000 from Rashmi Ltd. for an agreed purchase consideration of ₹3,00,000 to be satisfied by the issue of 3,000, 10% debentures of ₹100 each. Calcula
CS Executive · Corporate and Management Accounting · PYQS · December 2020
Saket Ltd. purchased a machinery worth ₹1,20,000 and building worth ₹2,00,000 from Rashmi Ltd. for an agreed purchase consideration of ₹3,00,000 to be satisfied by the issue of 3,000, 10% debentures of ₹100 each. Calculate the amount to be transferred to capital reserve A/c:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Corporate Accounting
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