Q. 37 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)

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the solution of question number 37 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)

Tushar Ltd. purchased assets of ₹ 14,40,000 and liabilities of ₹ 2,55,000 from Chander Ltd. on 1.4.2021. ₹ 2,40,000 were paid immediately. Pass journal entries in the books of Tushar Ltd. if the balance was paid as follows:

Case (i) by issue of ₹ 9,00,000, 11% debentures in Tushar Ltd.

Case (ii) by issue of ₹ 10,50,000, 12% debentures in Tushar Ltd.

[Ans. Case (i) Securities Premium will be credited by ₹ 45,000; Case (ii) Discount on issue of debentures will be debited by ₹ 1,05,000.]

Solution:-

Here are the solutions of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)

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Anurag Pathak

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