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Nishant Ltd. acquired assets of 25,00,000 …

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Nishant Ltd. acquired assets of 25,00,000 and took over creditors of 5,00,000 from Ram Enterprises for a purchase consideration of 24,00,000. The consideration was paid by the issue of 9% Debentures of ₹ 100 each at a premium of 20%, to be redeemed at par after 5 years. Pass the necessary Journal entries for the above transactions.

Posted by Puja Acharya 1 year, 6 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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