ISSUE OF DEBENTURES T.S.GREWAL CH-9 QUE NO-27,28,29 (Debenture issued as collateral security ) скачать в хорошем качестве

ISSUE OF DEBENTURES T.S.GREWAL CH-9 QUE NO-27,28,29 (Debenture issued as collateral security )

ISSUE OF DEBENTURES T.S.GREWAL CH-9 QUE NO-27,28,29 JOURNAL (Debenture issued as collateral security ) Class 12 Accounts Session 2023-24 Bright Ltd. took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of Star Ltd. for an agreed purchase consideration of 6,00,000 payable 10% in cash and the balance by the issue of 12% Debentures of 100 each. Give necessary Journal entries in the books of Bright Ltd., if: Case 1. The debentures are issued at par. Case 2. The debentures are issued at 20% premium. Case 3. The debentures are issued at 10% discount. 28. Star Ltd. took over the assets of ₹6,60,000 and liabilities of 80,000 of Moon Ltd. for 6,00,000. Give necessary Journal entries in the books of Star Ltd. if: Case 1. The purchase consideration was payable 10% in cash and the balance in 5,400; 12% Debentures of 100 each. Case 2. The purchase consideration was payable 10% in cash and the balance in 4,500; 12% Debentures of 100 each issued at 20% premium. A company took loan of ₹ 4,00,000 from Bandhan Bank Ltd. and issued 8% Debentures of ₹ 4,00,000 as a collateral security. Explain how will the issue of debentures be dealt with in the books of the company. #msacademyaccounts #tsgrewal2023 #accountancy #issueofdebentures #collateralsecurity