Free step-by-step Accountancy solutions · Class 11 & 12 · CBSE & ISC📚 Books & Courses▶ YouTube📱 Get the app
TS GrewalDK GoelNotesMCQSample PapersSyllabusCareer

[ISC] Q. 14 Solution of Issue of Debentures TS Grewal ISC 2023-24 Edition

Question 14 of 50Chapter 8Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 14, Chapter 8 Joint Stock Company – Issue of Debentures, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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

Question 14

Promising Company Ltd. took over assets of ₹ 2,50,000 and liabilities of ₹ 30,000 of Goneby Company for the purchase consideration of ₹ 3,30,000. Promising Company Ltd. paid the purchase consideration by issuing debentures of ₹ 100 each at 10% premium.

Give Journal entries in the books of Promising Company Ltd.

TS Grewal Class 12 Issue of Debentures Question 14

Solution

Solution of Q 14 Issue of Debentures TS Grewal 2023-24 part 1
Solution of Q 14 Issue of Debentures TS Grewal 2023-24 part 2
🤔 Doubt in this solution? Ask Vijay Sir below ↓✓Check your preparation for this chapterIssue of Debentures · MCQs with answers · Class 12Take the MCQ test →

Books & e-booksAll commerce books in one storePrinted books and PDFs for Class 11 and 12.Browse books

Stuck on this question? Ask Vijay Sir

Be the first to ask on this question.
LEAVE A REPLY

Ask your doubtFree. Vijay Sir replies here and you get an email when he does.

0 / 1500

🔒 No spam. Your email is never shown.

All questions of Chapter 8

1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950

Orange = this question · Grey = already opened.

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.

Get free help