[CBSE] Q. 26 Issue of Debentures Solution TS Grewal Class 12 (2026-27)

Solution of Question number 26 of the Issue of Debentures Chapter of TS Grewal Book 2026-27 CBSE Board

Astha Ltd. took over assets of 20,00,000 and took over liabilities of 1,00,000 of Nabha Ltd. for a purchase consideration of 18,00,000. Astha Ltd. paid half of the amount of purchase consideration through a bank draft and the balance amount was settled by issuing 12% Debentures of 100 each at a discount of 10% in favour of Nabha Ltd.

Passs necessary Journal entries for the above transactions in the books of Astha Ltd. (CBSE 2025 C)

[Ans.: Capital Reserve— 1,00,000; No. of Debentures issued—10,000.]

Solution:-