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Animesh Ltd. issued 1,000, 12 % …

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Animesh Ltd. issued 1,000, 12 % Debenture of 100 each in the following manner: i. For cash at par at Rs. 50,000 nominal value. ii. For creditors of Rs. 40,000 against purchase of machinery iii. To S.B.I. bank against a loan of Rs. 10,000 as collateral security at nominal value of Rs. 15,000. Pass Journal entries.

Posted by Palak Verma 3 years ago

CBSE > Class 12 > Accountancy

1 answers

Saini.Satwinder Saini Satwinder 3 years ago

Bank a/c dr .............. 50,00,000 To debenture application and allotement a/c ...........................50,00,000 ___________________________________ Debenture application and allotement ac dr....................50,00,000 To 12% debenture ac. .......... 50,00,000

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