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Sure Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd

365 viewsSeptember 14, 2024[ISC] Issue of Debentures

Anurag Pathak28.65K September 14, 2024 0 Comments

Sure Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd. amounting to ₹ 2,00,000 for the purchase consideration of ₹ 2,80,000. The payment of Sony Ltd. was made by issue of 9% Debentures of ₹ 100 each at par.

Pass necessary Journal entries in the books of Rohan Ltd.

Anurag Pathak Answered question September 14, 2024

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Anurag Pathak28.65K Posted September 14, 2024 0 Comments

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Anurag Pathak

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Sure Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd

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Anurag Pathak

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Anurag Pathak

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