The following was the balance sheet of L&M as on 31 December 2010:LiabilitiesAss

The following was the balance sheet of L&M as on 31 December 2010:LiabilitiesAssetsBills Payable100000Cash and Bank60000Sundry Creditors275000Bills Receivable60000Capital Accounts:Sundry Debtors300000L 700000Stock-in-Trade330000M 300.0001000000Furniture40000Plant & Machinery235000Land & Building35000013750001375000On 1 January 2011 the above business was purchased by Gopal Ltd. for Rs.1300000 to be paid by the issue of equity shares of Rs.100 each credited at Rs.50 paid upon the following terms:Show the entries in the books of Gopal Ltd. assuming that same set of books is continued.