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Rohan Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd

495 viewsDecember 12, 2023[ISC] Issue of Debentures

Anurag Pathak25.51K December 12, 2023 0 Comments

Rohan Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd. amounting to ₹ 2,00,000 for the purchase consideration of ₹ 2,80,000. The payment of Sony Ltd. was made by issue of 9% Debentures of ₹ 100 each at par.

Pass necessary Journal entries in the books of Rohan Ltd.

Anurag Pathak Changed status to publish December 12, 2023

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Anurag Pathak25.51K Posted December 12, 2023 0 Comments

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Anurag Pathak Changed status to publish December 12, 2023

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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

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Rohan Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd

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Anurag Pathak

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Anurag Pathak

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