FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Record journal Rai Company purchased assets of the book value of Rs. 2,20,000 from another company and agreed to make the payment of purchase consideration

Record journal image text in transcribed

Rai Company purchased assets of the book value of Rs. 2,20,000 from another company and agreed to make the payment of purchase consideration by issuing 2,000, 10% debentures of Rs. 100 each at a premium of 10%. Record necessary journal entries. Solution

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Medical Audit In Primary Health Care

Medical Audit In Primary Health Care

Authors: Martin Lawrence, Theo Schofield

1st Edition

0192622676, 978-0192622679

Students also viewed these Accounting questions

Question

★★★★★
Describe a situation in which unconscious incubation worked for you. Describe one in which it did not. Can you explain why it worked in the first case but not in the second?

Answered: 1 week ago

Question

★★★★★
please answer fast The company of Standford Vaccination sells the following product. Unit sales price $60 Unit variable cost $36 Fixed cost per month 3146,400 a. The break-even point in units is...

Answered: 1 week ago

Question

★★★★★
Monitor and adapt your nonverbal behaviors in conflict situations.

Answered: 1 week ago

Question

★★★★★
Goldman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.7 pound per glass at a cost of $0.30 per pound. The actual result for one months production of...

Answered: 1 week ago

Question

★★★★★
Record journal Rai Company purchased assets of the book value of Rs. 2,20,000 from another company and agreed to make the payment of purchase consideration by issuing 2,000, 10% debentures of Rs. 100...

Answered: 1 week ago

Question

★★★★★
show work Use the following information for the Exercises below. [The following information applies to the questions displayed below) Ramirez Company installs a computerized manufacturing machine in...

Answered: 1 week ago

Question

★★★★★
1. What music streaming services do students at Olympia High use? 33% of students use Apple Music, 41% use Spotify and 18% use both services. A-Apple Music S=Spotify (a) Create a two way table to...

Answered: 1 week ago

Question

★★★★★
If you borrow $15000 for 4 years at an interest rate of 7.44% per annum, with the interest compounding quarterly, how much will you have to pay at the end of the period? $_______________ (two decimal...

Answered: 1 week ago

Question

★★★★★
Onyemah Corporation uses the FIFO method in its process costing system. Operating data for the Brazing Department for the month of November appear below: Percent Complete with Respect to Units...

Answered: 1 week ago

Question

★★★★★
A 64-year male patient gets admitted to the ICU in the hospital with respi- ratory rate of 22, heart rate of 90, Glasgow Coma Scale score of 6 and blood pressure of 63, compute the mortality (i.e.,...

Answered: 1 week ago

Question

★★★★★
At steady state, a reversible heat pump cycle discharges energy at the rate to a hot reservoir at temperature TH, while receiving energy at the rate 2c from a cold reservoir at temperature Tc. (a) If...

Answered: 1 week ago

Question

★★★★★
1. Why was data management so problematic at ARI? Automotive Resources International, better known as simply ARI, is the worlds largest privately-held company for vehicle fleet management services....

Answered: 1 week ago

Question

★★★★★
5-19 What is the total cost of ownership of technology assets and what are its cost components?

Answered: 1 week ago

Question

★★★★★
5-16 Compare the BYOD experiences of IBM and Intel. Why did BYOD at Intel work so well? Just about everyone who has a smartphone wants to be able to bring it to work and use it on the job. And why...

Answered: 1 week ago

Previous Question Next Question