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X Ltd. took over assets of …

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X Ltd. took over assets of Rs. 30,00,000 and liabilities of Rs. 5,00,000 of Y Ltd. X Ltd. paid the purchase consideration by issuing 75,000 6% Debentures of Rs. 10 each at a premium of Rs. 20 each and Rs. 1,50,000 by accepting a Bills of exchange in favour of Y Ltd. Calculate purchase consideration and pass necessary Journal entries in the books of X Ltd.

Posted by Punit Sharma 4 years, 1 month ago

CBSE > Class 12 > Accountancy

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