[ISC] Q. 16 Solution of Issue of Debentures TS Grewal ISC 2023-24 Edition
Step-by-step solution of Question 16, Chapter 8 Joint Stock Company – Issue of Debentures, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.
Question 16
Rohan Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd. amounting to ₹ 2,00,000 for the purchase consideration of ₹ 2,80,000. The payment of Sony Ltd. was made by issue of 9% Debentures of ₹ 100 each at par.
Pass necessary Journal entries in the books of Rohan Ltd.

Solution


All questions of Chapter 8
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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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