Student Community

Romi Ltd. acquired assets of ₹ 20 lakh and took over creditors of ₹ 2 lakh from Kapil Enterprises. Romi Ltd. issued 8% Debentures of ₹ 100 each at a discount of 10% as purchase consideration

2.65K viewsOctober 7, 2023[CBSE] Issue of Debenture

Anurag Pathak25.51K October 7, 2023 0 Comments

Romi Ltd. acquired assets of ₹ 20 lakh and took over creditors of ₹ 2 lakh from Kapil Enterprises. Romi Ltd. issued 8% Debentures of ₹ 100 each at a discount of 10% as purchase consideration.

Record necessary Journal entries in the books of Romi Ltd.

[Ans.: No. of Debentures Issued – 20,000.]

Anurag Pathak Changed status to publish October 7, 2023

Add a Comment

1 Answer

Anurag Pathak25.51K Posted October 7, 2023 0 Comments

Solution:-

Anurag Pathak Changed status to publish October 7, 2023

Add a Comment

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.

Articles: 7248

Telegram Channel

Telegram Channel

Romi Ltd. acquired assets of ₹ 20 lakh and took over creditors of ₹ 2 lakh from Kapil Enterprises. Romi Ltd. issued 8% Debentures of ₹ 100 each at a discount of 10% as purchase consideration

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

Related Questions