Pls solve this

Date

Particulars

L/F

Debit

Credit

1.

Business Purchase a/c Dr.

To Liquidator of X Co. Ltd.

(Being purchase consideration on absorption of X Co Ltd)

17,00,000/-

17,00,000/-

2.

Land & Building

Plant & Machinery

Furniture & Fixtures

Stock in trade

Sundry Debtors

Cash & Bank

To Sundry Creditors

To Business Purchase

To Capital Reserve

(Being Assets and Liabilities of X Co Ltd taken over)

10,00,000/-

7,00,000/-

2,00,000/-

3,00,000/-

2,00,000/-

1,00,000/-

2,00,000/-

17,00,000/-

6,00,000/-

3.

Liquidator X co. Ltd.

To Equity Share Capital a/c

To Securities Premium a/c

To 11% Redeemable Debenture a/c

(Being discharge of liquidator of X Co Ltd by issuing 10000/- equity shares of 100/- each @ 120/- per share and redeemable debenture for Rs.5,00,000/-)

17,00,000/-

10,00,000/-

2,00,000/-

5,00,000/-

Purchase Consideration

15,00,000/100*80/120 = 10000 shares @ 120/- =

12, 00, 000/-

11% Preference Shares issued 11% Redeemable Debenture  =

5, 00, 000/-

Total =

17, 00, 000/-