Amrit Ltd. was promoted by Amrit and Bhaskar with an authorised capital of ₹ 10,00,000 divide into 1,00,000 shares of ₹ 10 each.
The company decided to issue 1,000, 6% Debentures of ₹ 100 each to Amrit and Bhaskar each for their services in incorporating the company. Pass journal entry.
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Answer:
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Read more on Brainly.in - https://brainly.in/question/2546254#readmorethe Revolutionary principles incorporated by Napoleon in administration of France during his reign where first he did away with privileges of birth second equality before law third right to property for simplified administrative divisions abolished Federal systems 63 pigeons from ceftum and manorial dues 7th uniform and standard weights and measures at uniform trade rules
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The necessary Journal entries in the books of the company are calculated and prepared below:
Explanation:
Given,
Amrit Ltd. was promoted by Amrit and Bhaskar with an authorised capital of ₹ 10,00,000 divide into 1,00,000 shares of ₹ 10 each.
The company decided to issue 1,000, 6% Debentures of ₹ 100 each to Amrit and Bhaskar each for their services in incorporating the company.
The necessary Journal entries in the books of the company are calculated and prepared below:
