Are you looking for the solution of Question number 18 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Question number 18 of the issue of debentures chapter is a practical one.
Solution of Question Number 18 of Issue of Debentures Chapter of TS Grewal Book 2021-22 Class 12
Question – 18
Romi Ltd. acquired assets of ₹ 20 lakhs and took over creditors of ₹ 2 lakhs from kapil Enterprises. Romi Ltd issued 8% Debentures of ₹ 100 each at a discount of 10% as purchase considertaion.
Record necessary journal entries in the books of Romi Ltd.