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WebSeethe Limited acquires the business of Geetha Limited as at the above date and agrees to discharge the purchase consideration as under; Cash payment of Rs2 per share. Issue of … WebHere is a compilation of top six accounting problems on issue of shares with its relevant solutions. Problem 1 (Issue of Shares at Par—Journal, Cash Book and Balance Sheet): A Limited Company issued 25,000 Ordinary Shares of Rs. 25 each payable Rs. 5 on application, Rs. 10 on allotment and Rs. 5 each on subsequent calls, 20,000 shares were fully- …
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