Share Capital $ 80,000.

00
Gereral Reserve $ 30,000.00
Retained Earnings $ 40,000.00
Consideration Transferred $ 153,000.00

Date Perticulars Debit Credit

1-Jul-16 Goodwill $ 3,000.00
BCVR $ 3,000.00

Share capital $ 80,000.00

General Reserve $ 30,000.00
Retained Earnings $ 40,000.00
BCVR $ 3,000.00
Shares in Robert Ltd $ 153,000.00
Acquisition Analysis:
Net fair Value $ 150,000.00
Consideration Transferred $ 153,000.00
Goodwill $ 3,000.00
 Share capital $ 80,000.00
General Reserve $ 30,000.00
Retained Earnings $ 40,000.00
Consideration Transferred $ 148,000.00

Date Particulars Debit Credit

1-Jul-16 Share capital $ 80,000.00
General Reserve $ 30,000.00
Retained Earnings $ 40,000.00
Gain on bargain purchase $ 2,000.00
Shares in Robert Ltd $ 148,000.00

1-Jul-17 Share capital $ 80,000.00

General Reserve $ 30,000.00
Retained Earnings $ 38,000.00
Shares in Robert Ltd $ 148,000.00
Net Fair value of identifiable assets and
liabilities of Robert Ltd
$ 150,000.00
Consideration Transferred $ 148,000.00
Gain on bargain purchase $ 2,000.00