Tiêu đề CORPORATE ACCOUNTING II 2021.pdf ✅

The following is the agree values for the valuation of the business of the two companies. LY Ltd. – creates provision for bad debt @10% on debtors, writes off Rs 50000/- from the Land and Building, depreciate P&M at 15% and reduce the value of stock to 100000/- LB Ltd.- Writes off Plant and machinery by 10%, Writes off full value of patent and create provision for bad debt @ 4% on debtors. You are required to compute Purchase consideration for both the companies. 19. PQ Ltd. is formed to take over P Ltd. and Q Ltd. for Rs 200000/- and Rs 125000/- payable in equity shares of Rs 10 each. The Balance Sheet of P Ltd. as on 31st March 2017. Particulars Amount Equities and Liabilities 1. Share holders fund Share capital 175000 Reserve and surplus 15000 2. Current Liabilities B/P 1500 Creditors 10500 Total 202000 Assets 1. Non Current Assets Land & Building 130000 Plant & Machinery 65200 2. Current Assets Stock 5000 Cash 1800 Total 202000 Prepare Realization Account and show the necessary journal entries in the books of P Ltd. 20. The following are the balance sheets of X Ltd. Y Ltd. as on 31st March 2014. Liabilities X Ltd. Y Ltd. Assets X Ltd. Y Ltd. Share capital 100000 50000 Premises 75000 0 Reserve 15000 - Machineries 25000 30000 Creditors 30000 12000 Stock 30000 22500 Bank 15000 9500 145000 62000 145000 62000 Page 3/6 Turn Over