[CBSE] Q. 31 Issue of Debentures Solution TS Grewal Class 12 (2026-27)
Solution of Question number 31 of the Issue of Debentures Chapter of TS Grewal Book 2026-27 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:-
