[CBSE] Q. 20 Issue of Debentures Solution TS Grewal Class 12 (2024-25)

Solution of Question number 20 of the Issue of Debentures Chapter of TS Grewal Book 2024-25 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:-