Question

X Ltd took over the assets of 600,000 &
liability of 280,000 of Y Ltd. for an agreed purchase consideration of 600,000 payable
10% in each case and the balance
by the issue of 12%. Debenhors of
I 100 each. Give necessary jacanal
endues in the books ofrudy assuming
that: The debentures are issued at
10% discount​

Answer 1

Answer:

A Bank's Balance Sheet. A balance sheet is an accounting tool that lists assets and liabilities. ... The net worth is the asset value minus how much is owed (the liability). A bank's balance sheet operates in much the same way. A bank's net worth is also referred to as bank capital.

I Think So It Will Help U