Rama Ltd. took over the following assets and liabilities of Krishna Ltd. on 1st April, 2019:

Land and Building50,00,000

The purchase consideration of Rs. 60,00,000 was paid by issuing 12% debentures of Rs. 100 each at a premium of 20%. 

Pass the necessary journal entries for the above in the books of Rama Ltd.

Marks-2/6, CBSE:2019-20/Main/02/Q-20*

error: Content is protected !!