Student Community

Star Ltd. took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of Moon Ltd. for ₹ 6,00,000. Give necessary Journal entries in the books of Star Ltd. if:

2.84K viewsOctober 9, 2023[CBSE] Issue of Debenture

Anurag Pathak28.65K October 9, 2023 0 Comments

Case 1.

The purchase consideration was payable 10% in cash and the balance in 5,400; 12% Debentures of ₹ 100 each.

Case 2.

The purchase consideration was payable 10% in cash and the balance in 4,500; 12% Debentures of ₹ 100 each issued at 20% premium.

Anurag Pathak Changed status to publish October 9, 2023

Add a Comment

1 Answer

Anurag Pathak28.65K Posted October 9, 2023 0 Comments

Solution:-

Anurag Pathak Changed status to publish October 9, 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: 8142

Telegram Channel

Telegram Channel

Star Ltd. took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of Moon Ltd. for ₹ 6,00,000. Give necessary Journal entries in the books of Star Ltd. if:

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

Related Questions