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[ISC] Q. 10 Solution of Issue of Debentures TS Grewal ISC 2023-24 Edition

Question 10 of 50Chapter 8Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 10, Chapter 8 Joint Stock Company – Issue of Debentures, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 10

Hi-tech Ltd. took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of Low-tech Ltd. for an agreed purchase consideration of ₹ 6,00,000 payable 10% in cash and the balance by the issue of 12% Debentures of ₹ 100 each. Give necessary Journal entries in the books of Hi-tech Ltd., assuming that:

  1. Case (a): The debentures are issued at par.
  2. Case (b): The debentures are issued at 20% premium.
  3. Case (c): The debentures are issued at 10% discount.
TS Grewal Class 12 Issue of Debentures Question 10

Solution

Solution of Q 10 Issue of Debentures TS Grewal 2023-24 part 1
Solution of Q 10 Issue of Debentures TS Grewal 2023-24 part 2
Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo
Solution of Q 10 Issue of Debentures TS Grewal 2023-24 part 3
Solution of Q 10 Issue of Debentures TS Grewal 2023-24 part 4
Solution of Q 10 Issue of Debentures TS Grewal 2023-24 part 5
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Solution of Q 10 Issue of Debentures TS Grewal 2023-24 part 6
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About this solution

This is Chapter 8 Issue of Debentures of ISC TS Grewal Edition 2023-24.

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per Guidelines Issued by the ISC Council. Just follow our presentation of solutions and score good marks in Accountancy Exam.

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