Exe Ltd. Purchased assets of the books value ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros. It was agreed thet the purchaase consideration, settled at ₹ 3,80,000, be paid by issuing debentures of ₹ 100 each. It was agreed that any fraction of debentures be paid in cash.

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.

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.

On 1st April, 2018, Welfare Ltd. took over assets of ₹ 3,50,000 and liabilities of ₹ 60,000 of Himalyan Ltd. for the purchase consideration of ₹ 4,40,000. It paid the purchase consideration by issuing 8% Debentures of ₹ 100 each at 10% premium. On the same date it issued another 3,000, 8% Debentures of ₹ 100 each at a discount of 10%, redeemable at a premium of 5% after 5 years. According to the terms of the issue ₹ 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.

On 1st Apirl, 2018, Relaxo Ltd. Purchased assets of ₹ 4, 30,000 and took over liabilities of ₹ 90,000 of Greg Ltd. At an agreed value of ₹ 3, 80,000. It issue to the venor, 10% Debentures of ₹ 100 each 100 each at 5% discout, redeemable at par after 5 yea₹, in full satisfaction of the purchase price. ltbRgt On the same date, the company issued 500, 11% Debentures of ₹ 100 each as a collateral security to a bank who had advenced a loan of ₹ 45,000 to it for a period of 3 yea₹ and also issued 5,000 12% Debentures of ₹ 100 each at par, redeemable after 3 yea₹ at 5% premium. Additional Information: The interest on debentures is paid half yearly on 30th September and 31st March each year. Tex deducted at source @ 20% .The Company had ₹ 1,20,000 in its Securities Premium Reserve Account at the end of the year (Ignore interest on bank loan). you are required to pass Journal entries in the books of Relaxo Ltd. for the year ended 31st March, 2019.

Reliance Ltd. Purchased machinery costing ₹ 1,35,000. It was agreed that the purchase consideration be paid by issuing 9% Debentures of ₹ 100 each. Assume debentures have been issued (i) at par and (ii) at a Discount of 10 % Give necessary Journal entries.

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.