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कक्षा 12 बोर्ड 2025 आखिरी 45 दिन की Complete Strategy | Class 12 Full Preparation to Score 95%

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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.

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