[DK Goel] Q. 45, 46 Issue of Debentures Solutions Class 12 CBSE (2026-27)

Here are the solution of question number 45 and 46 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2026-27).

Q. 45. Random Ltd. took over running business of Mature Ltd. comprising of Assets of ₹ 45,00,000 and Liabilities of ₹ 6,40,000 for a purchase consideration of ₹ 36,00,000. The amount was settled by bank draft of ₹ 1,50,000 and balance by issuing 12% Debentures of ₹ 100 each at 15% premium. Pass entries in the books of Random Ltd.

[Ans. Capital Reserve ₹ 2,60,000; Number of Debentures issued : 30,000.]

Solution:-

Q. 46. Glen Ltd. took over the running business of Hayward Ltd. having assets of ₹ 22,00,000 and liabilities of ₹ 6,00,000 by issuing 20,000, 11% Debentures of ₹ 100 each at 5% discount.

You are required to pass the journal entries in the books of Glen Ltd. if debentures were to be redeemed at 10% premium.

[Ans. Goodwill ₹ 3,00,000; Loss on Issue ₹ 3,00,000 will be written off from Statement of Profit and Loss.]

Solution:-