Amalgamation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 September 2011
sir, in amlgamation debenture of X ltd worth Rs.200000 are taken by y ltd at 10% discount What are the journal entry in the book of Y ltd.
13 September 2011
Debentures have been issued to the inesters and it has to be procured from them. If new debentures issued then
Bank Dr
Discount on debentures Dr.
To Debentures a/c
Bank Dr
Discount on debentures Dr.
To Debentures a/c
03 October 2011
No, I don't agree with the above entry
At the time of recognition of assets only, the liability of Debentures will be recorded at 1,80,000 mentioning that they were acquired at the discount
At the time of recognition of assets only, the liability of Debentures will be recorded at 1,80,000 mentioning that they were acquired at the discount
03 October 2011
the discount amount will be adjusted in the calculation of goodwill only
03 October 2011
The Discount on Debentures entry given by above expert is passed only when Y ltd is issuing the debentures of Y ltd at discount
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