Solution of Q 20 Issue of Debentures TS Grewal 2022-23 [CBSE]
Step-by-step solution of Question 20, Chapter 10 Company Accounts – Issue of Debentures, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.
Question 20
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 10
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About this solution
This is Chapter 10 Issue of Debentures of TS Grewal Edition 2022-23.
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 Accountancy Board Exam.
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