Q. 54 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)
the solution of question number 54 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)
Glen Ltd. took over the running business of Hayward Ltd. having assets of ₹ 22,00,000 and liabilities of ₹ 6,00,000 by issuing 20,000, 11% Debentures of ₹ 100 each at 5% discount.
You are required to pass the journal entries in the books of Glen Ltd. if debentures were to be redeemed at 10% premium.
[Ans. Goodwill ₹ 3,00,000; Loss on Issue ₹ 3,00,000 will be written off from Statement of Profit and Loss.]
Solution:-
Here are the solutions of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)
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| 1 | Question – 1 | |
| 2 | Question – 2 | |
| 3 | Question – 3 | |
| 4 | Question – 4 | |
| 5 | Question – 5 | |
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| 7 | Question – 7 | |
| 8 | Question – 8 | |
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| 11 | Question – 11 | |
| 12 | Question – 12 | |
| 13 | Question – 13 | |
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| 26 | Question – 26 | |
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| 31 | Question – 31 | |
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| 33 | Question – 33 | |
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| 37 | Question – 37 | |
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| 39 | Question – 39 | |
| 40 | Question – 40 |
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| 41 | Question – 41 | |
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| 50 | Question – 50 |
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| 51 | Question – 51 | |
| 52 | Question – 52 | |
| 53 | Question – 53 | |
| 54 | Question – 54 |
