Kamal Ltd., was formed for purpose of purchasing Rajesh Ltd. and was r

1.	Kamal Ltd., was formed for purpose of purchasing Rajesh Ltd. and was registered with a nominal capital of Rs 2,00,000 divided into 2,000 equity shares of Rs 100 each. 1,000 shares were issued as fully paid to the vendors in payment of the purchase consideration. You are required to give necessary journal entries to record the above transactions.
Answer» Kamal Ltd., was formed for purpose of purchasing Rajesh Ltd. and was registered with a nominal capital of Rs 2,00,000 divided into 2,000 equity shares of Rs 100 each. 1,000 shares were issued as fully paid to the vendors in payment of the purchase consideration. You are required to give necessary journal entries to record the above transactions.

Kamal Ltd., was formed for purpose of purchasing Rajesh Ltd. and was registered with a nominal capital of Rs 2,00,000 divided into 2,000 equity shares of Rs 100 each. 1,000 shares were issued as fully paid to the vendors in payment of the purchase consideration. You are required to give necessary journal entries to record the above transactions.

Answer»

Kamal Ltd., was formed for purpose of purchasing Rajesh Ltd. and was registered with a nominal capital of Rs 2,00,000 divided into 2,000 equity shares of Rs 100 each. 1,000 shares were issued as fully paid to the vendors in payment of the purchase consideration.

You are required to give necessary journal entries to record the above transactions.

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