A/C
the following cases when :
(i
27. Sweta Shivam Ltd. issued 25,000, 10% debentures of 3 100 each. Give Journal entries in
The debentures were issued at a premium of 20%.
(i) The debentures were issued as a collateral security to Bank against a loan of 3 20,00,000.
(iii) The debentures were issued to a supplier of machinery costing * 28,00,000 as his full
and final payment.
Ans. (i) Securities Premium Reserve (Cr.) * 5,00,000, (ii) Debenture Suspense A/c 25,00,000,
(iii) Discount Received * 3,00,000 transferred to Statement of Profit & Loss.]
essary Tournal entries in the books of B Ltd. in the following cases :
be
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