Question No 14 Chapter 2 – UNIMAX Class 12 Part 2 – 2021
Table of Contents
A Ltd. took over assets of ₹ 10,00,000 and creditors of ₹ 1,00,000 from B Ltd. and issued 6% debenture of ₹ 100 each at a premium of 25% as purchases consideration.
Pass necessary journal entries in the books of A Ltd.
The solution of Question 14 Chapter 2 of +2 Part-2: –
Journal
In the Books of ‘A’ Ltd.
Date | Particulars |
L.F. | Debit | Credit | |
Assets A/c | Dr. | 10,00,000 | |||
To Sundry liabilities A/c | 1,00,000 | ||||
To B Ltd. A/c | 9,00,000 | ||||
(Being purchase of assets and liabilities of B Ltd.) | |||||
B Ltd. A/c | Dr. | 9,00,000 | |||
To Debenture A/c | 7,20,000 | ||||
To Securities premium A/c | 1,80,000 | ||||
(Being issue of 6% debenture and cash ₹ 50,000 on settle the B Ltd. A/c) |
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Share Capital: Meaning, Types, and Classes
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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