b) Komal Ltd. also took over creditors and Bills Payable at their book value. c) Amol Ltd. agreed to write off preliminary expenses from General Reserve. d) The Purchase consideration was to be discharged by allotment to Amol Itd of 4000 equity shares of 100 each at a premium of ₹ 110 per share and balance in cash. e) The cost of Liquidation amounted to ₹ 5000 . You are required to prepare: i) Realisation A/c, Cash A/c, Equily Shareholder \( \mathrm{A} / \mathrm{c} \), Komal Ltd. A/c, ii) Pass the opening journal entries in the books of the Komal Ltd.

Let’s dive into this financial scenario with some enthusiasm! To prepare the Realisation Account, we’ll account for all assets and liabilities. With Amol Ltd. transferring its creditors and bills payable, Komal Ltd. takes over these at their book value, which keeps things nice and tidy. Remember to tally the assets that Komal has taken over and list the liabilities comprehensively. Now, regarding the opening journal entries for Komal Ltd., we can kickstart the entries with the receipt of assets and assumptions about liabilities. Don’t forget to include the entries related to the equity shares issued at a premium and the cash balance remaining after offsetting the purchase consideration! Shareholders will be left feeling pretty good about their investments!