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