Deepak Ltd purchased furniture of ₹ 2,20,000 from M/s. Furniture Mart. 50% of the amount was paid to M/s. Furniture Mart by accepting a Bill of Exchanged and for the balance the company issued 9% Debenture of ₹ 100 each at a premium of 10% in favour of M/s. Furniture Mart. Pass Journal entries in the books of Deepak Ltd.

Deepak Ltd purchased furniture of ₹ 2,20,000 from M/s. Furniture Mar

1.	Deepak Ltd purchased furniture of ₹ 2,20,000 from M/s. Furniture Mart. 50% of the amount was paid to M/s. Furniture Mart by accepting a Bill of Exchanged and for the balance the company issued 9% Debenture of ₹ 100 each at a premium of 10% in favour of M/s. Furniture Mart. Pass Journal entries in the books of Deepak Ltd.
Answer» Ltd. purchased furniture of Rs.2,20,000 from M/s. Furniture MART. 50% of the amount was paid to M/s. Furniture Mart by ACCEPTING a Bill of Exchange and for the balance the company issued 9%Debentures of Rs.100 each at a premium of 10% in FAVOUR of M/s. Furniture Mart. Pass Journal entries in the books of Deepak Ltd.Read more on Sarthaks.com - https://www.sarthaks.com/108472/deepak-ltd-purchased-furniture-of-rs-2-20-000-from-m-s-furniture-mart-50-of-the-amount

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

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