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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:

1.89K viewsOctober 9, 2023[CBSE] Issue of Debenture

Anurag Pathak25.51K 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

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Anurag Pathak25.51K Posted October 9, 2023 0 Comments

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Anurag Pathak Changed status to publish October 9, 2023

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Anurag Pathak

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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

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