DK Goel Solutions Q 15 Chapter 7 Issue of Debentures Class 12 CBSE [2023-24]
Step-by-step solution of Question 15, Chapter 7 Accounting for Companies – Issue of Debentures, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 15
Star Textiles Ltd. purchased assets of Modern Textiles Ltd. as under :
Land and Buildings of ₹ 25,00,000 at ₹ 40,00,000; Plant and Machinery of ₹ 10,00,000 for ₹ 7,50,000 and Furniture of ₹ 3,00,000 for ₹ 1,00,000 for purchase consideration of ₹ 45,00,000. Star Textiles Ltd. paid ₹ 3,00,000 in cash and remaining by issue of 9% Debentures of ₹ 500 each at a premium of 5%. Record necessary entries in the books of Star Textiles Ltd.
Solution
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About this solution
This is Chapter 7 Accounting for Companies – Issue of Debentures of DK Goel For 2024 Examinations.
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 CBSE Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.
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