Exe Ltd. purchased assets of the books value of ₹ 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 at a discount of 10%.

Give Journal entries in the books of Exe Ltd.

Anurag Pathak Changed status to publish December 12, 2023
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