24. Casio Ltd. issued 75,000; 8% Debentures of 100 each, payable on application and redeemable at par
any time after 6 years. Record necessary Journal entries for issue of debentures.
Answers
Answer:
what is the meaning of question he said I didn't understand
Explanation:
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Page No 9.54:
Question 1:
Vishwas Ltd. issued 2,000; 9% Debentures of ₹ 100 each payable as follows:
₹ 25 on application; ₹ 25 on allotment and ₹ 50 on first and final call.
Applications were received for all the debentures along with the application money did allotment was made . Call money was also received on the due date.
Pass necessary Journal entries in the books of the company.
ANSWER:
Books of Vishwas Ltd.
Journal