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
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