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20 1. A Ltd. took over …

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20 1. A Ltd. took over the assets of Rs.3,00,000 and liabilities of Rs.10,000 from B & Co. Ltd. for an agreed purchase consideration of Rs.2,70,000 to be satisfied by issue of 15% debentures of Rs.100 at 20% premium. Show the journal entries in the journal of A Ltd. 2. A company took a loan of Rs.10,00,000 from Punjab National Bank and issued 10% debentures of Rs.12,00,000 of Rs.100 each as a collateral security. Journalise and present in Balance sheet

Posted by Shivajith P 3 years, 10 months ago

CBSE > Class 12 > Accountancy

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