[ISC] Q. 11 solution of Issue of Debentures TS Grewal Class 12 (2022-23)

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Solution of Question number 11 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2022-23 session?

Karur Ltd. purchased a running businesss of Vysa Ltd. for ₹ 5,40,000 payable as ₹ 1,00,000 by cheque and the balance by issue of 9% Debentures of ₹ 100 each at a premium of 10%. Give Journal entries in the books of Karur Ltd.

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