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Random Accountancy - Accounting For Companies Practice

20 randomly selected questions from Accounting For Companies topics

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Question 1
accounting-for-companies > issue-of-debentures

(a) Sun Ltd. took over assets of ₹ 16,00,000 and liabilities of ₹ 2,00,000 of Moon Ltd. for a purchase consideration of ₹ 16,00,000. Sun Ltd. issued 9% Debentures of ₹ 100 each at a discount of 20% in full satisfaction of purchase consideration.

Pass necessary journal entries in the books of Sun Ltd.

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