Question

Guru Ltd purchased Equipment from Paul Ltd for a book value of ₹5, 50, 000. The consideration was paid
by issue of 11% Debentures of ₹100 each at a premium of 25%. The debenture account was credited with

Answer 1

Answer:

no. of debenture issued = 5,50,000/125 = 4400 debentures

debenture account credited with (4400×100) 4,40,000