Q. 36 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)
the solution of question number 36 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)
Vayee Ltd. purchased the following assets of E.X. Ltd:
Land and Building of ₹ 60,00,000 at ₹ 84,00,000; Plant and Machinery of ₹ 40,00,000 at ₹ 36,00,000.
The purchase consideration was ₹ 1,10,00,000. Payment was made by accepting a Bill of Exchange in favour of E.X. Ltd of ₹ 20,00,000 and remaining by issue of 8% debentures of ₹ 100 each at a premium of 20%.
Record the necessary journal entries for the above transactions in the books of Vayee Ltd.
[Ans. Capital Reserve ₹ 10,00,000; Number of Debentures issued 75,000]
Solution:-
Here are the solutions of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)
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| 2 | Question – 2 | |
| 3 | Question – 3 | |
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| 7 | Question – 7 | |
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| 11 | Question – 11 | |
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| 31 | Question – 31 | |
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| 33 | Question – 33 | |
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| 35 | Question – 35 | |
| 36 | Question – 36 | |
| 37 | Question – 37 | |
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| 51 | Question – 51 | |
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| 54 | Question – 54 |
