Anthony Ltd. issued 20,000, 9% Debentures of ₹ 100 each at 10% discount to Mithoo Ltd
Anthony Ltd. issued 20,000, 9% Debentures of ₹ 100 each at 10% discount to Mithoo Ltd. from whom Assets of ₹ 23,50,000 and Liabilities of ₹ 6,00,000 were taken over. Pass entries in the books o Anthony Ltd. If these debentures were to be redeemed at 5% premium.
[Ans.: Goodwill – ₹ 50,000; No. of Debentures issued – 20,000.]
Anurag Pathak Changed status to publish October 7, 2023
