Romi Ltd acquired assets of Rs 20 lakh and took over creidtors of Rs 2 lakh from kapil Enterprises.Romi Lktd. Issued 8% debentures of Rs 100 each at par as puchase consideraion.Record necessary jounal entries in the books of Romi Ltd.

Romi Ltd. Acquired assets of ₹ 20 lakhs and took over creditors of ₹ 12 lakhs from Kapil Enterprises. Romi Ltd. Issued 8% Debentures of ₹ 100 each at premium of 25% as purchase consideration . Record necessary Journal entries in the books of Romi Lted.

Romi Ltd. Acquired assets of ₹ 20 lakhs and took over creditors of ₹ 12 lakhs from Kapil Enterprises. Romi Ltd. Issued 8% Debentures of ₹ 100 each at discount of 10% as purchase consideration . Record necessary Journal entries in the books of

R Ltd. Purchased the assets of S Ltd. For ₹ 5,00,000. It also agreed to take over the liabilities of S Ltd. Amounted to ₹ 2,00,000 for a purchase consideration of ₹ 2,80,000. The payment of S Ltd. Was made by issue of 9% Debentures of ₹ 100 each at par. Pass necessary Journal entries in the books of R Ltd.

Anushree Ltd. Issued 10,000, 9% Debentures of ₹ 50 each at a discount of 8% redeemable at par after 7 yea₹. Pass necessary entries in the books of Anushree Ltd