X ltd. purchased assets of RS.8,00,000 and liabilities of RS.1,00,000 from Y ltd.on 1.4.2003.RS 2,00,000 were paid immediately and the balance was paid by issue of RS.4,75,000 ,10% debentures in X ltd.Give journal entries in the books of X Ltd.

X Ltd purchased assets of Rs/- 8,00,000 and liabilities of Rs/- 1,00,000 from Y Ltd, on 1.4.2019 Rs/- 2,00,000 were paid immediately and the balance was paid by issue of Rs/- 4,75,000 , 10% debenture in X Ltd. Give journal entries in the books of X Ltd.

22. A,B and C are partners in a firm. Their capitals are A Rs/-2,50,000, B, Rs/- 200,000 and C Rs/- 1,50,000.Their business earned average profits of Rs/- 90,000 and the normal rate of return in a similar business is 12% . Ascertain the value of goodwill by capitalization of average profit method.

Soney

X Ltd. purchased assets of ₹ 8,00,000 and liabilities of ₹1,00,000 from Y Ltd. on 1.4.2018. ₹2,00,000 we're paid immediately and the balance was paid by issue of ₹ 4,75,000, 10% Debentures in X Ltd. Give journal entries in the books of X Ltd.

Q17.XLtd. purchased assets of 78, 00, 000 and liabilities of mathcal k 1,000 from Y Ltd. on 1.4.2018. mathcal 2,000 were paid immediately and the balance was paid by issue of 4. 75,000 10% debentures in X Ltd. Give journal entries in the books of X Ltd.

Answer

X Ltd. purchased assets of 8,00,000 and liabilities of 1,00,000 from Y Ltd. on 1.4.2022 . 2,00,000 were paid immediately and the balance was paid by issue of 24,75,000 , 10 % debentures in X Ltd. Give journal entries in the books of X Ltd.

2 question solution

X limited purchase assets of eight lakh and liability of one lakh from y Ltd on 1.4.2021 2, lakh were paid immediately and the balance was paid by issue of 4,75,000 10% debentures in x ltd given journel entries in the biok of x ltd. 

Answer

Good