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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

3.97K viewsOctober 7, 2023[CBSE] Issue of Debenture

Anurag Pathak28.65K 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

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Anurag Pathak28.65K Posted October 7, 2023 0 Comments

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Anurag Pathak Changed status to publish October 7, 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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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

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Anurag Pathak

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