X Ltd. purchased a building worth ₹4,50,000 and furniture worth ₹2,50,000 from Z Ltd. for an agreed purchase consideration of ₹6,60,000 to be satisfied by issue of 8% debentures of ₹100 each at a premium of 10%. What is
CS Executive · Corporate and Management Accounting · PYQS · June 2022
X Ltd. purchased a building worth ₹4,50,000 and furniture worth ₹2,50,000 from Z Ltd. for an agreed purchase consideration of ₹6,60,000 to be satisfied by issue of 8% debentures of ₹100 each at a premium of 10%. What is the amount to be transferred to capital reserve account ?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Corporate Accounting
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