Solution 19 of model test paper 2 of an aid to accountancy TS grewal edition 2024-25

Solution 19 of model test paper 2 of an aid to accountancy TS grewal edition 2024-25 On 1st April, 2024, Mohit Ltd. took over assets of ₹1080000 and liabilities of ₹80000 of Asim Ltd. at an agreed value of ₹1040000. Mohit Ltd. paid to Asim Ltd. 25% by a cheque and the balance by an issue of 9% Debentures of ₹500 each at a premium of 4% redeemable at a premium of ₹30 per debenture. Pass the necessary Journal entries in the books of Mohit Ltd. on 1st April, 2024. #issueofdebentures #considerationotherthancash #issueofdebenturesclass12 #cbseboardexam2025 #anaidtoaccountancy