When debentures are issued as a consideration of purchase of assets …………. Is debited.

Related MCQs

• Debentures issued with a fixed or a floating charge on the assets of the company are called ‐‐‐‐‐‐‐‐‐‐‐ debentures
• The excess of purchase consideration over net assets of the transferor company acquired by the transferee company should be recognized as -------- in purchase method
• Under purchase method, the excess of net assets over purchase consideration is ……….
• When purchasing company pays purchase consideration, it will be debited to
• For the same purchase price profit on cancellation of debentures is more when purchase on ‐‐‐‐‐‐‐‐‐‐‐ ‐‐ basis.
• While preparing the books of the transferee company in purchase method, the difference between purchase consideration and share capital of the transferor company should be adjusted in -------------
• In purchase method, the excess of net asset of the transferor company acquired by the transferee company over the purchase consideration should be recognized as ------------
• Hitesh Ltd.’s purchase consideration is Rs.12,345 and Net Assets Rs.3,568, then...........
• While calculating purchase consideration ............... values of assets is to be considered.
• When the Net Assets are less than the Purchase Consideration, the difference will be