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Goodwill Co. Ltd., took over the assets Rs. 1,75,000 and Liabilities of Rs. 15,000 of Raj & Co. for the purchase consideration of Rs. 1,65,000. Goodwill Co. Ltd., paid the purchase consideration by issuing debenture of Rs. 100 each at a premium of 10%. Give the Journal Entries.
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Goodwill Co. Ltd., took over the assets Rs. 1,75,000 and Liabilities ...
& Co. Ltd. The purchase consideration was settled by issuing equity shares of Goodwill Co. Ltd. at a premium of 20%. Calculate the number of equity shares issued by Goodwill Co. Ltd.

First, we need to calculate the total purchase consideration:
Total purchase consideration = Assets taken over - Liabilities assumed
Total purchase consideration = Rs. 1,75,000 - Rs. 15,000
Total purchase consideration = Rs. 1,60,000

Next, we need to calculate the value of equity shares issued at a premium of 20%:
Premium on equity shares = 20% of face value
Premium on equity shares = 20% of Rs. 10
Premium on equity shares = Rs. 2

Value of one equity share = Face value + Premium
Value of one equity share = Rs. 10 + Rs. 2
Value of one equity share = Rs. 12

Now, we can calculate the number of equity shares issued:
Number of equity shares issued = Total purchase consideration / Value of one equity share
Number of equity shares issued = Rs. 1,60,000 / Rs. 12
Number of equity shares issued = 13,333.33

Therefore, Goodwill Co. Ltd. issued 13,333 equity shares at a premium of 20% to acquire the assets and liabilities of Raj & Co. Ltd.
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Goodwill Co. Ltd., took over the assets Rs. 1,75,000 and Liabilities ...
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Goodwill Co. Ltd., took over the assets Rs. 1,75,000 and Liabilities of Rs. 15,000 of Raj & Co. for the purchase consideration of Rs. 1,65,000. Goodwill Co. Ltd., paid the purchase consideration by issuing debenture of Rs. 100 each at a premium of 10%. Give the Journal Entries. Related: Liquidation of Company - Advanced Corporate Accounting?
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Goodwill Co. Ltd., took over the assets Rs. 1,75,000 and Liabilities of Rs. 15,000 of Raj & Co. for the purchase consideration of Rs. 1,65,000. Goodwill Co. Ltd., paid the purchase consideration by issuing debenture of Rs. 100 each at a premium of 10%. Give the Journal Entries. Related: Liquidation of Company - Advanced Corporate Accounting? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Goodwill Co. Ltd., took over the assets Rs. 1,75,000 and Liabilities of Rs. 15,000 of Raj & Co. for the purchase consideration of Rs. 1,65,000. Goodwill Co. Ltd., paid the purchase consideration by issuing debenture of Rs. 100 each at a premium of 10%. Give the Journal Entries. Related: Liquidation of Company - Advanced Corporate Accounting? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Goodwill Co. Ltd., took over the assets Rs. 1,75,000 and Liabilities of Rs. 15,000 of Raj & Co. for the purchase consideration of Rs. 1,65,000. Goodwill Co. Ltd., paid the purchase consideration by issuing debenture of Rs. 100 each at a premium of 10%. Give the Journal Entries. Related: Liquidation of Company - Advanced Corporate Accounting?.
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