Are you looking for the solution of Question number 21 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Question number 21 of the issue of debentures chapter is a practical one.
Solution of Question Number 21 of Issue of Debentures Chapter of TS Grewal Book 2021-22 Class 12
Question – 21
Green Ltd. purchased the assets of strong Ltd. for ₹ 40,00,000 and took over liabilities of ₹ 7,00,000 at an agreed value of ₹ 32,40,000. The payment was made by issuing 10% Debentures of ₹ 100 each at a discount of 10%. Pass the necessary Journal entries in the books of Green Ltd.