co.issue 5000, 12% deb.,10each. , app. =5, all.=2, 1st =1.5, 2nd=1.5. writethe journal entry
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Cash / Bank a/c dr
To Debentures app a/c
Debentures app a/c dr
To debentures a/c
Debentures allotment a/c dr
To Debentures a/c
Cash/ bank a/c dr
To Debentures allotments a/c
Similarly draw entries for journal
To Debentures app a/c
Debentures app a/c dr
To debentures a/c
Debentures allotment a/c dr
To Debentures a/c
Cash/ bank a/c dr
To Debentures allotments a/c
Similarly draw entries for journal
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