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Wellbeing Ltd. Took over assets of ₹ ...

Wellbeing Ltd. Took over assets of ₹ 9,80,000 and liabilities of ₹ 40,000 of HDR Ltd. At an agreed value of ₹ 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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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.

Green Ltd. Purchased the assets of Strong Ltd. For ₹ 40,00,000 and took over liabilities of ₹ 7,00,000 at an agreed value of ₹ 32,40,000. Payment was made by issuing 10% Debentures of ₹ 100 each at a discount of 10%. Pass the necessary Journal entries in the books of Green Ltd.

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.

Goodluck Ltd. purchased machinery costing Rs. 10,00,000 from Fair Deals Ltd. The company paid the price by issue of Equity Shares of Rs. 10 each at a premium of 25% . Pass necessary Journal entries for the above transactions in the books of Goodluck Ltd.

Bright Ltd. Took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of star Ltd. For an agreed purchase consideration of ₹ 6,00,000 payable 10% in cash and the balance by the issue of 12 % Debentures of ₹ 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 .

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

Rocky Ltd. Pruchased building for ₹ 22,00,000. Half the payment was made by cheque and the balance half by issue of 9% Debentures of ₹ 100 each at a premium of 10%. Pass necessary Journal entries.

Green Ltd. Issued ₹ 8,00,000, 9% Debentures of ₹ 100 each at a premium of 5 % redeemable at par. Give Journal entries.

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