Home
Class 12
ACCOUNTS
Chrome Ltd. Took over assets of ₹ 6,00...

Chrome Ltd. Took over assets of ₹ 6,00,000 and liabilities of ₹ 40,000 of Polymar Ltd. At an agreed value of ₹ 6,30,000. Chrme Ltd. Issued 10% Debentures of ₹ 100 each at a discount of 10% to Polymar Ltd. In full satisfaction of the price .
Pass the necessary Journal entries to record to above transaction in the books of Chrme Ltd.

Text Solution

Verified by Experts

Promotional Banner

Topper's Solved these Questions

  • COMPANY ACCOOUNT -ISSUE OF DEBENTURES

    TS GREWAL|Exercise Answers To Questions|4 Videos

  • COMPANY ACCOOUNT -ISSUE OF DEBENTURES

    TS GREWAL|Exercise Questions(Very short Answer Type Questions)|11 Videos

  • COLLAGE OF OBJECTIVE TYPE/MULTIPLE CHOICE QUESTIONS (MCQS)

    TS GREWAL|Exercise Multiple choice question|286 Videos

  • COMPANY ACCOUNTS REDEMPTION OF DEBENTURES

    TS GREWAL|Exercise EXERCISE|24 Videos