Q.22 Solution Issue of Debentures TS Grewal Book Class 12 CBSE
Step-by-step solution of Question 22, Chapter 9 Issue of Debentures, TS Grewal Class 12 Accountancy 2024-25 for the CBSE Board.
Question 22
Rama Ltd. took over following assets and liabilities of Krishna Ltd. on 1st April, 2019:
Land and Building ₹ 50,00,000
Furniture ₹ 10,00,000
Stock ₹ 5,00,000
Creditors ₹ 7,00,000
The purchase consideration of ₹ 60,00,000 was paid by issuing 12% Debentures of ₹ 100 each at a premium of 20%.
Pass the necessary Journal entries for the above in the books of Rama Ltd.
Solution
All questions of Chapter 9
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About this solution
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