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1. White Ltd acquired the business of Green Ltd as on December 31, 2010. The balance sheet shows assets of Rs. 10,00,000 and liabilities of Rs. 10,00,000. The purchase consideration was arrived at through a cash payment, issue of shares, and redemption of debentures. 2. The books of ABC Ltd show a profit of Rs. 1,28,000 for the year ending March 31, 2007. The board recommends a transfer to general reserve, proposed dividend, and provision for corporate dividend tax. 3. Sun Ltd went into voluntary liquid

Author

Sharon sharo

Language

EN