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On 1st April 2023, Sapan Ltd. (an unlisted NBFC) took over assets of ` 9,00,000 and liabilities of 1,20,000 of Plus Herbs Ltd. for the purchase consideration of ` 8,80,000. It paid the purchase consideration by issuing 8% debenture of ` 100 each at 10% premium on same date. Sapan Ltd. issued another 3000, 8% debenture of ` 100 at discount of 10% redeemable at premium of 5 % after 5 years. According to the terms of the issue ` 30 is payable on application and the balance on the allotment on debentures. It has been decided to write off the entire loss on issue of discount in the current year itself. You are required to pass the journal entries in the books of Sapan Ltd. for the financial year 2023-24.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about On 1st April 2023, Sapan Ltd. (an unlisted NBFC) took over assets of ` 9,00,000 and liabilities of 1,20,000 of Plus Herbs Ltd. for the purchase consideration of ` 8,80,000. It paid the purchase consideration by issuing 8% debenture of ` 100 each at 10% premium on same date. Sapan Ltd. issued another 3000, 8% debenture of ` 100 at discount of 10% redeemable at premium of 5 % after 5 years. According to the terms of the issue ` 30 is payable on application and the balance on the allotment on debentures. It has been decided to write off the entire loss on issue of discount in the current year itself. You are required to pass the journal entries in the books of Sapan Ltd. for the financial year 2023-24.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 1st April 2023, Sapan Ltd. (an unlisted NBFC) took over assets of ` 9,00,000 and liabilities of 1,20,000 of Plus Herbs Ltd. for the purchase consideration of ` 8,80,000. It paid the purchase consideration by issuing 8% debenture of ` 100 each at 10% premium on same date. Sapan Ltd. issued another 3000, 8% debenture of ` 100 at discount of 10% redeemable at premium of 5 % after 5 years. According to the terms of the issue ` 30 is payable on application and the balance on the allotment on debentures. It has been decided to write off the entire loss on issue of discount in the current year itself. You are required to pass the journal entries in the books of Sapan Ltd. for the financial year 2023-24.?.

Solutions for On 1st April 2023, Sapan Ltd. (an unlisted NBFC) took over assets of ` 9,00,000 and liabilities of 1,20,000 of Plus Herbs Ltd. for the purchase consideration of ` 8,80,000. It paid the purchase consideration by issuing 8% debenture of ` 100 each at 10% premium on same date. Sapan Ltd. issued another 3000, 8% debenture of ` 100 at discount of 10% redeemable at premium of 5 % after 5 years. According to the terms of the issue ` 30 is payable on application and the balance on the allotment on debentures. It has been decided to write off the entire loss on issue of discount in the current year itself. You are required to pass the journal entries in the books of Sapan Ltd. for the financial year 2023-24.? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of On 1st April 2023, Sapan Ltd. (an unlisted NBFC) took over assets of ` 9,00,000 and liabilities of 1,20,000 of Plus Herbs Ltd. for the purchase consideration of ` 8,80,000. It paid the purchase consideration by issuing 8% debenture of ` 100 each at 10% premium on same date. Sapan Ltd. issued another 3000, 8% debenture of ` 100 at discount of 10% redeemable at premium of 5 % after 5 years. According to the terms of the issue ` 30 is payable on application and the balance on the allotment on debentures. It has been decided to write off the entire loss on issue of discount in the current year itself. You are required to pass the journal entries in the books of Sapan Ltd. for the financial year 2023-24.? defined & explained in the simplest way possible. Besides giving the explanation of On 1st April 2023, Sapan Ltd. (an unlisted NBFC) took over assets of ` 9,00,000 and liabilities of 1,20,000 of Plus Herbs Ltd. for the purchase consideration of ` 8,80,000. It paid the purchase consideration by issuing 8% debenture of ` 100 each at 10% premium on same date. Sapan Ltd. issued another 3000, 8% debenture of ` 100 at discount of 10% redeemable at premium of 5 % after 5 years. According to the terms of the issue ` 30 is payable on application and the balance on the allotment on debentures. It has been decided to write off the entire loss on issue of discount in the current year itself. You are required to pass the journal entries in the books of Sapan Ltd. for the financial year 2023-24.?, a detailed solution for On 1st April 2023, Sapan Ltd. (an unlisted NBFC) took over assets of ` 9,00,000 and liabilities of 1,20,000 of Plus Herbs Ltd. for the purchase consideration of ` 8,80,000. It paid the purchase consideration by issuing 8% debenture of ` 100 each at 10% premium on same date. Sapan Ltd. issued another 3000, 8% debenture of ` 100 at discount of 10% redeemable at premium of 5 % after 5 years. According to the terms of the issue ` 30 is payable on application and the balance on the allotment on debentures. It has been decided to write off the entire loss on issue of discount in the current year itself. You are required to pass the journal entries in the books of Sapan Ltd. for the financial year 2023-24.? has been provided alongside types of On 1st April 2023, Sapan Ltd. (an unlisted NBFC) took over assets of ` 9,00,000 and liabilities of 1,20,000 of Plus Herbs Ltd. for the purchase consideration of ` 8,80,000. It paid the purchase consideration by issuing 8% debenture of ` 100 each at 10% premium on same date. Sapan Ltd. issued another 3000, 8% debenture of ` 100 at discount of 10% redeemable at premium of 5 % after 5 years. According to the terms of the issue ` 30 is payable on application and the balance on the allotment on debentures. It has been decided to write off the entire loss on issue of discount in the current year itself. You are required to pass the journal entries in the books of Sapan Ltd. for the financial year 2023-24.? theory, EduRev gives you an ample number of questions to practice On 1st April 2023, Sapan Ltd. (an unlisted NBFC) took over assets of ` 9,00,000 and liabilities of 1,20,000 of Plus Herbs Ltd. for the purchase consideration of ` 8,80,000. It paid the purchase consideration by issuing 8% debenture of ` 100 each at 10% premium on same date. Sapan Ltd. issued another 3000, 8% debenture of ` 100 at discount of 10% redeemable at premium of 5 % after 5 years. According to the terms of the issue ` 30 is payable on application and the balance on the allotment on debentures. It has been decided to write off the entire loss on issue of discount in the current year itself. You are required to pass the journal entries in the books of Sapan Ltd. for the financial year 2023-24.? tests, examples and also practice UPSC tests.