Question no 20 Chapter 2 – UNIMAX Class 12 Part 2 – 2021

Question No  20 Chapter 2 – UNIMAX  Class 12 Part 2 – 2021

X Ltd. took over the assets of Y Ltd. ₹ 2,00,000. It also agreed to takeover the liabilities of Y Ltd. amounting to ₹ 50,000 for a purchase consideration of ₹ 1,30,000. The payment of Y Ltd. was made by issue of 12% debenture of ₹ 100 each. Pass necessary journal entries in the books of X Ltd.

The solution of Question 20 Chapter 2 of +2 Part-2: –

Journal
In the Books of ‘X’ Ltd.

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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

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