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21 Neon Ltd Issued 20,000, 8% …

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21 Neon Ltd Issued 20,000, 8% Debentures of 200 each at 5% discount redeemable after 5 years at 10% premium. Public applied for all these debentures. Amount was payable as to Rs.100 on application and balance on allotment. The company had a balance of Rs.3,00,000 in securities Premium, and Rs.2,00,000 in Capital Reserve. Pass entries. 4

Posted by Abhay Agarwal 4 months, 1 week ago

CBSE > Class 12 > Accountancy

1 answers

Darshan.A Ashwathappa 4 months, 1 week ago

Bro in debentures capital reserve does not come it is in share capital

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