[CBSE] Q. 20 Issue of Debentures Solution TS Grewal Class 12 (2023-24)

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Solution of Question number 20 of the Issue of Debentures Chapter of TS Grewal Book 2023-24 CBSE Board?

Romi Ltd. acquired assets of ₹ 20 lakh and took over creditors of ₹ 2 lakh from Kapil Enterprises. Romi Ltd. issued 8% Debentures of ₹ 100 each at a discount of 10% as purchase consideration.

Record necessary Journal entries in the books of Romi Ltd.

[Ans.: No. of Debentures Issued – 20,000.]

Solution:-

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