Solution of Q 22 Issue of Debentures TS Grewal 2022-23 [CBSE]
Step-by-step solution of Question 22, Chapter 10 Company Accounts – Issue of Debentures, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.
Question 22
Wellbeing Ltd. took over assets of ₹9,80,000 and liabilities of ₹40,000 of HDR Ltd. at an agreed value of ₹9,00,000. Wellbeing Ltd. paid to HDR Ltd. by issue of 9% Debentures of ₹100 each at a premium of 20%. Pass necessary Journal entries to record the above transactions in the books of Wellbeing 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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