[CBSE] Q. 28 Issue of Debentures Solution TS Grewal Class 12 (2023-24)

Solution of Question number 28 of the Issue of Debentures Chapter of TS Grewal Book 2023-24 CBSE Board?

Star Ltd. took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of Moon Ltd. for ₹ 6,00,000. Give necessary Journal entries in the books of Star Ltd. if:

Case 1.

The purchase consideration was payable 10% in cash and the balance in 5,400; 12% Debentures of ₹ 100 each.

Case 2.

The purchase consideration was payable 10% in cash and the balance in 4,500; 12% Debentures of ₹ 100 each issued at 20% premium.

Solution:-

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1	Question – 1
2	Question – 2
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56	Question – 56