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Hero Ltd. purchased assets of the books value of ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros

377 viewsSeptember 14, 2024[ISC] Issue of Debentures

Anurag Pathak28.65K September 14, 2024 0 Comments

Hero 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 Answered question September 14, 2024

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Anurag Pathak28.65K Posted September 14, 2024 0 Comments

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Anurag Pathak

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Hero Ltd. purchased assets of the books value of ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros

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Anurag Pathak

1 Answer

Anurag Pathak

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