[ISC] Q. 14 Issue of Debentures solution TS Grewal Class 12 (2024-25)

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Solution of Question number 14 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2024-25 session

Hero Ltd. purchased assets of the books value of ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros. It was agreed that the purchase consideration, settled at ₹ 3,80,000, be paid by issuing debentures of ₹ 100 each at a discount of 10%.

Give Journal entries in the books of Exe Ltd.

Solution:-

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