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A ltd. Took over assets worth …

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A ltd. Took over assets worth rs.1000000 and liabilities rs.3 lakhs for a purchase consideration of 12 lakhs. A ltd accepted a bill of rs. 2 lakh and for the remaini g issued debentures at a premium of 25%. How much amount will be credited to securities premium?

Posted by Srini Vasan 5 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Amrainder Singh 5 years, 11 months ago

If face value of debentures is 100 then security premium is 200000

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