Question

-ABC Ltd issued 4,000;10%Debenture of Rs.100 each ,payable Rs.20 on application and balance

amount on allotment. The debentures are redeemable after 5 years .Application were received for the

issued debenture and allotment was made to all the applicants. The amount was received on due dates.

Pass the journal entries .​

Answer 1

Answer:

-ABC Ltd issued 4,000;10%Debenture of Rs.100 each ,payable Rs.20 on application and balance

amount on allotment. The debentures are redeemable after 5 years .Application were received for the