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प्रश्न
Raja Ltd. took over following assets and liabilities of Krishna Ltd. on 1st April, 2026:
| Land and Building | ₹ 50,00,000 |
| Furniture | ₹ 10,00,000 |
| Stock | ₹ 5,00,000 |
| Creditors | ₹ 7,00,000 |
The purchase consideration of ₹ 60,00,000 was paid by issuing 9% Debentures of ₹ 100 each at a premium of 20%.
Pass the necessary Journal entries for the above in the books of Raja Ltd.
रोजनामा प्रविष्टि
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उत्तर
| Journal Entries In the Books of Raja Ltd. |
||||
|---|---|---|---|---|
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| 1 Apr. 2026 | Land and Building A/c ...Dr. | 50,00,000 | ||
| Furniture A/c ...Dr. | 10,00,000 | |||
| Stock A/c ...Dr. | 5,00,000 | |||
| Goodwill A/c ...Dr. | 2,00,000 | |||
| To Creditors A/c | 7,00,000 | |||
| To Krishna Ltd. A/c | 60,00,000 | |||
| (Assets and liabilities of Krishna Ltd. taken over for a purchase consideration of ₹ 60,00,000) | ||||
| 1 Apr. 2026 | Krishna Ltd. A/c ...Dr. | 60,00,000 | ||
| To 9% Debentures A/c | 50,00,000 | |||
| To Securities Premium A/c | 10,00,000 | |||
| (50,000, 9% Debentures of ₹ 100 each issued at a premium of 20% in payment of purchase consideration) | ||||
Working note:
Total Assets taken over:
₹ 50,00,000 + ₹ 10,00,000 + ₹ 5,00,000 = ₹ 65,00,000
Less: Creditors:
₹ 65,00,000 − ₹ 7,00,000 = ₹ 58,00,000
Purchase Consideration:
₹ 60,00,000
Therefore, Goodwill:
₹ 60,00,000 − ₹ 58,00,000 = ₹ 2,00,000
Issue price of each debenture at 20% premium:
₹ 100 + ₹ 20 = ₹ 120
Number of Debentures issued:
`(60,00,000)/120 = 50,000` Debentures
Face value of Debentures:
50,000 × ₹ 100 = ₹ 50,00,000
Securities Premium:
50,000 × ₹ 20 = ₹ 10,00,000
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