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Romi Ltd. Acquired assets of ₹ 20 lakhs and took over creditors of ₹ 12 lakhs from Kapil Enterprises. Romi Ltd. Issued 8% Debentures of ₹ 100 ea

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Romi Ltd. Acquired assets of ₹ 20 lakhs and took over creditors of ₹ 12 lakhs from Kapil Enterprises. Romi Ltd. Issued 8% Debentures of ₹ 100 each at discount of 10% as purchase consideration .
Record necessary Journal entries in the books of
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Correct Answer - No of Debentures Issued - 20,400.
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