Sarthaks Test
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Kumar Ltd purchases assets of Rs.6,30,000 from Bhanu Oil Ltd. Kumar Ltd. issued equity share of Rs.100 each fully paid in consideration. What journal entries will be made, if the share are issued, 

(a) at par, (b) at discount of 10 % and (c) at premium of 20%

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Working note case 

(i) number of shares to be issued 

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