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On 1-42017, X Ltd issued 40,000 …

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On 1-42017, X Ltd issued 40,000 8% debentures of ₹ 100 each at a discount of 3%redeemable at a premium of 5% after three years. The amount was payable as follows:- On application ₹ 50 per debenture. Balance on allotment. X Ltd. has a balance of ₹ 1,50,000 in securities premium Reserve and ₹ 80,000 in General reserve loss for the year was ₹ 50,000. Pass the journal entries for issue of debentures and writing off the oss on issue of debentures.

Posted by Vivaan Raj 4 years, 6 months ago

CBSE > Class 12 > Accountancy

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Varun Tiwari 4 years, 6 months ago

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