Rohit Ltd purchased assets from Rohan Co , for Rs 3,50,000 A sum of Rs - Accountancy - Issue and Redemption of Debentures

Question

Rohit Ltd purchased assets from Rohan & Co , for Rs 3,50,000 A
sum of Rs 75,000 was paid by a bank
draft and for the balance due, Rohit Ltd issued Equity Shares of Rs
10 each at a premium of 10%
Journalise the above transactions in the books of the company

Ishi · Accepted Answer

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Rohit Ltd. purchased assets from Rohan & Co., for Rs. 3,50,000. A sum of Rs. 75,000 was paid by a bank draft and for the balance due, Rohit Ltd. issued Equity Shares of Rs. 10 each at a premium of 10%. Journalise the above transactions in the books of the company.

Rohit Ltd. purchased assets from Rohan & Co., for Rs. 3,50,000. A sum of Rs. 75,000 was paid by a bank
draft and for the balance due, Rohit Ltd. issued Equity Shares of Rs. 10 each at a premium of 10%.
Journalise the above transactions in the books of the company.