Question

पुस्तका म जनल क लख कीजिये।
X Limited purchased a business for * 4,40,000. The purchase price was paid by 6%
debentures of 4,00,000 issued at 10% premium. Pass the necessary journal entries in
the books of X Ltd.
i want result of this question.​

Answer 1

Answer:

Business Purchase A/C                                                              Dr.  44000

                     To 6% Debentures A/C                                                        400000

                     To Premium on redemption of debentures A/C                  40000

         (being business purchase by issuing debentures)