Romi Ltd. acquired assets of ₹ 20 lakhs and took over creditors of ₹ 2 lakhs from Kapil Enterprises. Romi Ltd. issued 8% debentures of ₹ 100 each
Romi Ltd. acquired assets of ₹ 20 lakhs and took over creditors of ₹ 2 lakhs 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 Answered question 4 days ago