Q. 19 solution of Issue of Debentures Chapter TS Grewal Book Class 12 2021-22
Solution of Question number 19 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Exe Ltd. purchased assets of the book value ₹ 4,00,000 and took over the liabilities of ₹50,000 from Mohan Bros. It was agreed that the purchase consideration, settled at ₹3,80,000, be paid by issuing debentures of ₹100 each.
Pass Journal entries if debentures are issued: a) at par, b) at a discount of 10% and c) at a premium of 10%. It was agreed that any fraction of debentures be paid in cash.
Solution:-
Case – I
Case – II
Case – III
Here is the list of all Solutions.
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| 50. | Question – 50 |
