1.

R Ltd. purchased the assets of S Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of S Ltd. amounted to ₹ 2,00,000 for a purchase consideration of ₹ 2,80,000. The payment of S Ltd. was made by issue of 9% Debentures of ₹ 100 each at par. Pass necessary journal entries in the books of R Ltd.

Answer»

TE YOUR ANSWER ISXYZ Ltd. ISSUED 5,000, 10% Debentures of ₹ 100 each on 1st April, 2015 at a discount of 10% REDEEMABLE at a PREMIUM of 10% after 4 years. Give journal entries for the year ended 31st March, 2016, assuming that the interest was payable half-yearly on 30th SEPTEMBER and 31st March. Tax is to be deducted @ 10%.HOPE IT'S ANSWER IS VERY NICEMARK AS BRAINLIEST



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