Q.21 Solution Issue of Debentures TS Grewal Book Class 12 CBSE
Step-by-step solution of Question 21, Chapter 9 Issue of Debentures, TS Grewal Class 12 Accountancy 2024-25 for the CBSE Board.
Question 21
Exe Ltd. purchased assets of the book value ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros. It was agreed that the purchase consideration, settled at ₹ 3,80,000, be paid by issuing debentures of ₹ 100 each.
Pass Journal entries if debentures are issued: (a) at par, (b) at a discount of 10% and (c) at a premium of 10%.
It was agreed that any fraction of debentures be paid in cash.
Solution
All questions of Chapter 9
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About this solution
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