Q. 21 solution of Issue of Debentures Chapter TS Grewal Book Class 12 2021-22

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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.


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