| b) |
The following is the Balance Sheet of 'A' Ltd. as on 31.3.2007:
‘R’ Ltd. agreed to take over the business of 'A' Ltd. Calculate purchase consideration under Net Assets method on the basis of the following: The market value of 75% of the Sundry Assets is estimated to be 12% more than the book value and that of the remaining 25% at 8% less than the book value. The liabilities at book values. There is an unrecorded liability of Rs. 25,000. |
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