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Class 12

Home » Class 12 » Page 10
Posted inAccountancy Class 12 General

Neeraj Ltd. took over business of Ajay Enterprises on 1-04-2020

26 :- Neeraj Ltd. took over business of Ajay Enterprises on 1-04-2020. The details of the agreement regarding the assets and liabilities to be taken over are: It was decided…
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Posted inAccountancy Class 12 General

Green Ltd. purchased the assets of Strong Ltd. for ₹ 40,00,000

25 :- Green Ltd. purchased the assets of Strong Ltd. for ₹ 40,00,000 and took over liabilities of ₹ 7,00,000 for ₹ 32,40,000. Payment was made by issuing 10% Debentures…
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Anthony Ltd. issued 20,000, 9% Debentures of ₹ 100 each

24 :- Anthony Ltd. issued 20,000, 9% Debentures of ₹ 100 each at 10% discount to Mithoo Ltd. from whom Assets of ₹ 23,50,000 and Liabilities of ₹ 6,00,000 were…
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Rama Ltd. took over following assets and liabilities

23 :- Rama Ltd. took over following assets and liabilities of Krishna Ltd. on 1st April, 2019:Land and Building ₹ 50,00,000Furniture ₹ 10,00,000Stock ₹ 5,00,000Creditors ₹ 7,00,000The purchase consideration of…
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Exe Ltd. purchased assets of the book value ₹ 4,00,000

22 :- Exe Ltd. purchased assets of the book value ₹ 4,00,000 and took over the liabilities of Rs 50,000 from Mohan Bros. It was agreed that the purchase consideration,…
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Question 21 to 25 (Issue of Debentures for consideration other than Cash)

21 :- Gundola Ltd. took over assets of Rs 9,00,000 and liabilities of Rs 3,00,000 from AK Ltd. for an agreed purchase consideration of Rs 14,00,000. The payment was made through a bank…
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Gundola Ltd. took over assets of Rs 9,00,000

21 :- Gundola Ltd. took over assets of Rs 9,00,000 and liabilities of Rs 3,00,000 from AK Ltd. for an agreed purchase consideration of Rs 14,00,000. The payment was made through a bank…
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Question 16 to 20 (Issue of Debentures for consideration other than Cash)

16 :- Joy Ltd. company bought a Building for Rs 9,00,000 and the consideration was paid by issuing 10% Debentures of the nominal (face) value of Rs 100 each at…
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Romi Ltd. acquired assets of Rs 20 lakh and took over creditors

20 :- Romi Ltd. acquired assets of Rs 20 lakh and took over creditors of Rs 2 lakh from Kapil Enterprises. Romi Ltd. issued 8% Debentures of Rs 100 each at a discount…
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Ananya Ltd. purchased an established business for Rs 2,00,000

19 :- Ananya Ltd. purchased an established business for Rs 2,00,000 payable as Rs 65,000 by cheque and the balance by issuing 9% Debentures of Rs 100 each at a discount of 10%.…
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