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A company purchased a running business from M/s. Rai Brothers for a sum of Rs. 15,00,000 payable Rs. 12,00,000 in fully paid shares of Rs. 10 each and balance through cheque. The assets and liabilities consisted of the following: Plant and Machinery Rs. 4,00,000 Stock Rs. 4,00,000 Building Rs. 4,00,000 Cash Rs. 3,00,000 Sundry Debtors Rs. 3,00,000 Sundry Creditors Rs. 2,00,000 You are required to pass necessary Journal entries in the company's books. [Ans.: Capital Reserve—Rs. 7,00,000.]? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A company purchased a running business from M/s. Rai Brothers for a sum of Rs. 15,00,000 payable Rs. 12,00,000 in fully paid shares of Rs. 10 each and balance through cheque. The assets and liabilities consisted of the following: Plant and Machinery Rs. 4,00,000 Stock Rs. 4,00,000 Building Rs. 4,00,000 Cash Rs. 3,00,000 Sundry Debtors Rs. 3,00,000 Sundry Creditors Rs. 2,00,000 You are required to pass necessary Journal entries in the company's books. [Ans.: Capital Reserve—Rs. 7,00,000.]? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A company purchased a running business from M/s. Rai Brothers for a sum of Rs. 15,00,000 payable Rs. 12,00,000 in fully paid shares of Rs. 10 each and balance through cheque. The assets and liabilities consisted of the following: Plant and Machinery Rs. 4,00,000 Stock Rs. 4,00,000 Building Rs. 4,00,000 Cash Rs. 3,00,000 Sundry Debtors Rs. 3,00,000 Sundry Creditors Rs. 2,00,000 You are required to pass necessary Journal entries in the company's books. [Ans.: Capital Reserve—Rs. 7,00,000.]?.

Solutions for A company purchased a running business from M/s. Rai Brothers for a sum of Rs. 15,00,000 payable Rs. 12,00,000 in fully paid shares of Rs. 10 each and balance through cheque. The assets and liabilities consisted of the following: Plant and Machinery Rs. 4,00,000 Stock Rs. 4,00,000 Building Rs. 4,00,000 Cash Rs. 3,00,000 Sundry Debtors Rs. 3,00,000 Sundry Creditors Rs. 2,00,000 You are required to pass necessary Journal entries in the company's books. [Ans.: Capital Reserve—Rs. 7,00,000.]? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of A company purchased a running business from M/s. Rai Brothers for a sum of Rs. 15,00,000 payable Rs. 12,00,000 in fully paid shares of Rs. 10 each and balance through cheque. The assets and liabilities consisted of the following: Plant and Machinery Rs. 4,00,000 Stock Rs. 4,00,000 Building Rs. 4,00,000 Cash Rs. 3,00,000 Sundry Debtors Rs. 3,00,000 Sundry Creditors Rs. 2,00,000 You are required to pass necessary Journal entries in the company's books. [Ans.: Capital Reserve—Rs. 7,00,000.]? defined & explained in the simplest way possible. Besides giving the explanation of A company purchased a running business from M/s. Rai Brothers for a sum of Rs. 15,00,000 payable Rs. 12,00,000 in fully paid shares of Rs. 10 each and balance through cheque. The assets and liabilities consisted of the following: Plant and Machinery Rs. 4,00,000 Stock Rs. 4,00,000 Building Rs. 4,00,000 Cash Rs. 3,00,000 Sundry Debtors Rs. 3,00,000 Sundry Creditors Rs. 2,00,000 You are required to pass necessary Journal entries in the company's books. [Ans.: Capital Reserve—Rs. 7,00,000.]?, a detailed solution for A company purchased a running business from M/s. Rai Brothers for a sum of Rs. 15,00,000 payable Rs. 12,00,000 in fully paid shares of Rs. 10 each and balance through cheque. The assets and liabilities consisted of the following: Plant and Machinery Rs. 4,00,000 Stock Rs. 4,00,000 Building Rs. 4,00,000 Cash Rs. 3,00,000 Sundry Debtors Rs. 3,00,000 Sundry Creditors Rs. 2,00,000 You are required to pass necessary Journal entries in the company's books. [Ans.: Capital Reserve—Rs. 7,00,000.]? has been provided alongside types of A company purchased a running business from M/s. Rai Brothers for a sum of Rs. 15,00,000 payable Rs. 12,00,000 in fully paid shares of Rs. 10 each and balance through cheque. The assets and liabilities consisted of the following: Plant and Machinery Rs. 4,00,000 Stock Rs. 4,00,000 Building Rs. 4,00,000 Cash Rs. 3,00,000 Sundry Debtors Rs. 3,00,000 Sundry Creditors Rs. 2,00,000 You are required to pass necessary Journal entries in the company's books. [Ans.: Capital Reserve—Rs. 7,00,000.]? theory, EduRev gives you an ample number of questions to practice A company purchased a running business from M/s. Rai Brothers for a sum of Rs. 15,00,000 payable Rs. 12,00,000 in fully paid shares of Rs. 10 each and balance through cheque. The assets and liabilities consisted of the following: Plant and Machinery Rs. 4,00,000 Stock Rs. 4,00,000 Building Rs. 4,00,000 Cash Rs. 3,00,000 Sundry Debtors Rs. 3,00,000 Sundry Creditors Rs. 2,00,000 You are required to pass necessary Journal entries in the company's books. [Ans.: Capital Reserve—Rs. 7,00,000.]? tests, examples and also practice UPSC tests.