[ISC] Q. 17, 18 Issue of Debentures solution TS Grewal Class 12 (2026-27)
Solution of Question number 17 and 18 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2026-27 session?
Q. 17. Sure Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd. amounting to ₹ 2,00,000 for the purchase consideration of ₹ 2,80,000. The payment of Sony Ltd. was made by issue of 9% Debentures of ₹ 100 each at par.
Pass necessary Journal entries in the books of Rohan Ltd.
Solution:-
Q. 18. Blue Prints Ltd. acquired assets of 50,00,000 and took over creditors of 5,00,000 from Yogesh Enterprises.
Blue Prints Ltd. issued 9% Debentures of 100 each at a premium of 25% as purchase consideration.
Record necessary Journal entries in the books of Blue Prints Ltd.
Solution:
