Q. 12 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)

Share your love

Here are the solution of question number 12 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)

Disha Ltd. took over assets of ₹ 8,00,000 and liabilities of ₹ 3,00,000 from Kirti Ltd. for a purchase consideration of ₹ 6,00,000. The payment was made by issue of 9% Debentures of ₹ 100 each at 20% premium.

Pass the necessary journal entries for the above transactions in the books of Disha Ltd.

[Ans. Goodwill ₹ 1,00,000; Debentures issued : 5,000 Debentures of ₹ 100 each.]

Solution:-

Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

Articles: 7199

Leave a Reply

Your email address will not be published. Required fields are marked *

x