[ISC] Q. 42 Issue of Debentures solution TS Grewal Class 12 (2023-24)

Share your love

Solution of Question number 42 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 session?

Chrome Ltd. took over assets of ₹ 6,00,000 and liabilities of ₹ 40,000 of Polymer Ltd. at an agreed value of ₹ 6,30,000. Chrome Ltd. issued 10% Debentures of ₹ 100 each at a discount of 10% to Polymer Ltd. in full satisfaction of the price. Chrome Ltd. writes off any capital losses incurred during a year, at the end of that financial year.

commerceschool.in

You are required to pass the necessary Journal entries to record the above transactions in the books of Chrome Ltd.

commerceschool.in

Solution:-

Share your love
Anurag Pathak
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: 6550

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending now

[CBSE] TS Grewal Solutions Class 12 [2023-24] Accounts[ISC] TS Grewal Solutions Accounts class 12 (2022-23)[CBSE] TS Grewal Solutions Class 12 (2022-23) AccountsTS Grewal Solutions Class 12 Accountancy 2021-22 Edition
x