(a) Sudhir Ltd. Took over Assets of Rs 8,50,000 and liabilities of Rs 1,50,000 of Gopal Ltd. At an agreed price of Rs 7,20,000. The purchase consideration was discharged by issuing 12% debentures of Rs 100 each at a premium of 20%. Give journal entries in the books of Sudhir Ltd. (b) A company issued Rs 40,000, 12% Debentures at a discount of 5% ,redeemable at 5% premium. Give the journal entry.
Answers
Answer:
Assets. account. dr. 850000
goodwill account. dr. 20000
To liabilities. account. 150000
To Gopal ltd. account. 720000
Gopal &co. account dr 720000
To 12% debenture account. 600000
To security premium reserve 120000
number of debentures issued =
720000/100+20
=6000
b)
Bank account dr. 38000
To debentures application
& allotment account. 38000
Debenture application
& allotment account. dr. 38000
loss on issue of.
deben tute account. dr. 4000
To debentures account. 40000
To security premium reserve. 2000
Answer:
Give the journal entry.
Explanation:
Assets. account. dr. 850000
goodwill account. dr. 20000
To liabilities. account. 150000
To Gopal ltd. account. 720000
Gopal &co. account dr 720000
To 12% debenture account. 600000
To security premium reserve 120000
number of debentures issued =
720000/100+20
=6000
b)
Bank account dr. 38000
To debentures application
& allotment account. 38000
Debenture application
& allotment account. dr. 38000
loss on issue of.
deben tute account. dr. 4000
To debentures account. 40000
To security premium reserve. 2000
A organisation’s capacity to create value for shareholders is essentially determined via its potential to generate tremendous cash flows or, greater mainly, to maximise long-term loose coins float (FCF).
FCF is the coins generated by means of a organisation from its ordinary commercial enterprise operations after subtracting any money spent on capital costs (CapEx).
The cash flow announcement is a economic statement that reports on a agency's assets and usage of coins over some time.
A business enterprise's coins go with the flow is normally classified as cash flows from operations, investing, and financing.
There are several methods used to investigate a organization's cash drift, which includes the debt carrier coverage ratio, free cash glide, and unlevered coins glide.
To learn more about journal entry visit
https://brainly.in/question/10334339
https://brainly.in/question/9641977
#SPJ2