[DK Goel] Q. 35, 36 Issue of Debentures Solutions Class 12 CBSE (2026-27)

Here are the solution of question number 35 and 36 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2026-27).

Q. 35. A company purchased assets of the book value of ₹ 6,00,000 and took over liabilities of ₹ 1,50,000 from Golden Ltd. It was agreed that the purchase consideration settled at ₹ 4,80,000 by paid by issuing debentures of ₹ 100 each at a premium of 10%. It was further agreed that any fraction of the debenture be paid in cash. Give journal entries in the books of purchasing company.

Solution:-

Q. 36. X Ltd. took over assets of ₹ 5,00,000 and liabilities of ₹ 1,00,000 of another company at an agreed price of ₹ 3,80,000. The purchase consideration was discharged by issuing debentures of ₹ 100 each at a discount of 10%. It was agreed that any fraction of the debenture by paid in cash. Give journal entries in the books of X Ltd. Ignore writing off discount on issue of debentures.

Solution:-