How to pass journal entry in the books, Accounting Basics

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How to pass journal entry in the books

X Ltd. purchased assets worth $2,20,000 and also took over the liabilites(creditors) of Y Ltd. for a purchase consideration of $1,92,000. X Ltd. paid the purchase consideration by issuing 12% debentures of $100 each at a premium of 20%. Pass journal entry in the books of X Ltd.

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Accounting Basics: How to pass journal entry in the books

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Accounting Basics: How to pass journal entry in the books

Reference No:- TGS0695601

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is the predetermined overhead rate for year

Q : Compute the amount of the lease receivable

Q : Decays by positron emission

Q : Explain the net operating income for the company

Q : How to pass journal entry in the books

Q : What is the specific heat of the alloy

Q : Johnson controls manufactures products

Q : Discuss the equivalent units produced by the department

Q : Explain the balance sheet needs to be formula driven

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How to pass journal entry in the books

Reference No:- TGS0695601

Recent Questions Asked Accounting Basics

Q : What is the predetermined overhead rate for year

Q : Compute the amount of the lease receivable

Q : Decays by positron emission

Q : Explain the net operating income for the company

Q : How to pass journal entry in the books

Q : What is the specific heat of the alloy

Q : Johnson controls manufactures products

Q : Discuss the equivalent units produced by the department

Q : Explain the balance sheet needs to be formula driven

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