Question

issue of debentures​

Answer 1

Answer:

asset a/c. dr. 1200000

to liabilities a/c. 220000

to vendor a/c. 960000

to capital reserve. 20000

vendor a/c. dr. 960000

to _%debenture. 960000

Explanation:

no of debenture= 960000/500-30

=960000/470