Ananya Ltd. purchased an established business for Rs. 2,00,000 payables as Rs. 65,000 by cheque and the balance by issuing 9% Debentures of Rs. 100 each at a discount of 10%. Give journal entries in the books of Ananya Ltd. Post category:Accountancy Reading time:1 mins read Solution Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostJoy Ltd. company bought a Building for Rs. 9,00,000 and the consideration was paid by issuing 10% Debentures of the normal (face) value of Rs. 100 each at a discount of 10%. Give Journal entries. Next PostNewton Ltd. purchased a Machinery from B for Rs. 5,76,000 to be paid by the issue of 9% Debentures of Rs. 100 each at 4% discount. Journalise the transactions. You Might Also Like A firm normally has trade Receivables equal to two months’ credit Sales. During the coming year it expects Credit Sales of Rs. 7,20,000 spread evenly over the year (12 months). What is the estimated amount of Trade Receivables at the end of the year? August 16, 2022 A and B were partners in a firm sharing profits and losses in the ratio of 3 : 2. They admitted C as a new partner for 3/7th share in the profit and the new profit-sharing ratio will be 2 : 2 : 3. C brought Rs. 2,00,000 as his capital and Rs. 1,50,000 as premium for goodwill. Half of their share of premium was withdrawn by A and B from the firm. Calculate sacrificing ratio and pass necessary Journal entries for the above transactions in the books of the firm. August 1, 2022 C’s Capital Account has a credit balance of Rs. 2,00,000; Cs Loan Account is showing a debit balance of Rs. 40,000. Bank Balance is Rs. 3,00,000. Show the treatment of C’s Loan A/c. September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.