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

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

Green Ltd. purchased the assets of Strong Ltd. for ₹ 40,00,000 and took over liabilities of ₹ 7,00,000 for ₹ 32,40,000. Payment was made by issuing 10% Debentures of ₹ 100 each at a discount of 10%. Pass the necessary Journal entries in the books of Green Ltd.

Solution:-