A Limited took over the assets of Rs 300...

A Limited took over the assets of Rs 300000 and liabilities lof Rs 10000 from B & Co Ltd. For an agreed purchase consideration of Rs 270000 to be satisfied by issue of 15% debenture3s of Rs 10 at 20% premium .Shown the journal entries in the journal of A Limited.

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Bright Ltd. Took over the assets of â‚¹ 6,60,000 and liabilities of â‚¹ 80,000 of star Ltd. For an agreed purchase consideration of â‚¹ 6,00,000 payable 10% in cash and the balance by the issue of 12 % Debentures of â‚¹ 100 each. Give necessary Journal entries in the books of Bright Ltd ., assuming that: Case(a): The debantures are issued at par. Case (b): The debentures are issued at 20% Premium. Case (c): The debentures are issued at 10% discount .

Madhur Ltd. took over the assets of Rs. 3,90,000 and Liabilities of Rs. 40,000 of Rasova Ltd. for a consideration of Rs. 4,00,000. 20% was paid by a cheque and the balance by issue of fully paid equity shares of Rs. 100 each at a premium of 60%. Show necessary journal entries for these transactions in the books of Mandhur Ltd.

Exe Ltd. Took over assets of â‚¹ 7,00,000 and liabilities of â‚¹ 60,000 of Wyc Ltd. For the purchase consideration by issuing 9% Debentures of â‚¹ 100 each at 10% premium. Pass Journal entries in the books of Exe Ltd.

On 1st April, 2018, Welfare Ltd. took over assets of â‚¹ 3,50,000 and liabilities of â‚¹ 60,000 of Himalyan Ltd. for the purchase consideration of â‚¹ 4,40,000. It paid the purchase consideration by issuing 8% Debentures of â‚¹ 100 each at 10% premium. On the same date it issued another 3,000, 8% Debentures of â‚¹ 100 each at a discount of 10%, redeemable at a premium of 5% after 5 years. According to the terms of the issue â‚¹ 30 is payable on application and the balance on the allotment of debentures. You are required to pass Journal entries in the books of Welfare Ltd. to record the above transactions.

Sandesh Ltd. took over the assets of Rs. 7,00,000 and liabilities of Rs. 2,00,000 from Sanchar Ltd. For a purchase consideration of Rs. 4,59,500 . Rs. 8,500 were paid by accepting a draft in favour of Sanchar Ltd. Payable after three months and the balance was paid by issue of equity shares of Rs. 10 each at a premium of 10% in favour of Sanchar Ltd. Pass necessary Journal entries for the above transactions in the books of Sandesh Ltd.

K Ltd. took over the assets of Rs. 15,00,000 and liabilities of Rs. 5,00,000 of P Ltd. for a purchase consideration of Rs. 13,68,500. Rs. 25,500 were paid by issuing a promissory note in favour of P Ltd. payable after two months and the balance was paid by issue of equity shares of Rs. 100 each at a premium of 25%. Pass necessary Journal entries for the above transactions in the books of K Ltd.

Wellbeing Ltd. Took over assets of â‚¹ 9,80,000 and liabilities of â‚¹ 40,000 of HDR Ltd. At an agreed value of â‚¹ 9,00,000. Wellbeing Ltd. Paid to HDR Ltd. Bu issue of 9% Debentures of 100 each at a premium of 20% . Pass necessary Journal entries to record the above transaction in the books of Wellbeing Ltd.

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