Q. 16 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)
Here are the solution of question number 16 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)
Gunjan Limited purchased a running business from Vrindavan Limited for a sum of ₹ 25,00,000, payable ₹ 4,00,000 by cheque and for the balance issued 8% Debentures of ₹ 100 each at 5% premium.
The assets and liabilities consisted of the following:
| Book Value (₹) | Agreed Value (₹) | |
| Land and Buildings | 5,00,000 | 9,00,000 |
| Plant and Machinery | 10,00,000 | 8,00,000 |
| Patents | 1,00,000 | 40% |
| Sundry Debtors | 8,00,000 | Subject to 5% Provision |
| Stock | 6,00,000 | 4,40,000 |
| Sundry Creditors | 1,20,000 | 1,20,000 |
Record necessary journal entries in the books of Gunjan Limited.
[Ans. Capital Reserve ₹ 3,20,000; Number of Debentures issued 20,000]
Solution:-
Here are the solutions of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)
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| 1 | Question – 1 | |
| 2 | Question – 2 | |
| 3 | Question – 3 | |
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| 5 | Question – 5 | |
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| 7 | Question – 7 | |
| 8 | Question – 8 | |
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| 11 | Question – 11 | |
| 12 | Question – 12 | |
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| 16 | Question – 16 | |
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| 51 | Question – 51 | |
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| 54 | Question – 54 |
