Question

X Ltd. purchased assets of Rs.3,80,000 from Ram traders. It
issued equity shares of Rs.10 each fully paid in satisfaction of
their claims. what entries will be made in case such issue is
(a) At par
(b) At a premium of 25%

Answer 1

hi BrainlyAurora ............ .

Answer 2

Answer:

Debentures Value = Rs. 100.

4% of 100 = Rs. 4 Discount. Debentures are issued at Price of Rs. 96.

Number of Debentures issued = 28,80,000/ 96 = 30,000.