Accountancy, asked by shuklaaditi410, 5 months ago

Co.lt
100
Q. 10. X Ltd. purchased a building for 40,00,000 payable as 25% in Cash and
balance by allotment of 7% debentures of 500 each at a premium of 20%. Give
necessary journal entries.
1

Answers

Answered by CommerceAvenueMentor

0

Building A/C. Dr. 4000000

To Cash A/C. 1000000

To 7% Debentures. 2500000

To Securities Premium. 500000

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