Question no 16 Chapter 2 - UNIMAX Class 12 Part 2

Question No 16 Chapter 2 – UNIMAX Class 12 Part 2 – 2021

Table of Contents

The solution of Question 16 Chapter 2 of +2 Part-2: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

X Textiles acquired assets of ₹ 1,50,000 and liabilities of 60,000 of Slow Ltd. the purchase consideration paid by issued of 12% debenture of ₹ 100 each of the face value of ₹ 1,00,000 at par. Pass necessary journal entries.

The solution of Question 16 Chapter 2 of +2 Part-2: –

Journal

Date	Particulars		L.F.	Debit	Credit
	Sundry Assets A/c	Dr.		1,50,000
	Goodwill A/c	Dr.		10,000
	To Sundry liabilities A/c				60,000
	To Show Ltd. A/c				1,00,000
	(Being purchase of assets and liabilities of Show Ltd.)
	Show Ltd. A/c	Dr.		1,00,000
	To Debenture A/c				1,00,000
	(Being issue of debenture ₹ 10,000 on settle the show Ltd. A/c)