Question

M Ltd. took a loan of ₹1,00,000 from a bank giving ₹1,50,000, 9% depentures as collateral security. pass the necessary journal entries regarding issue of depentures, if any, and show this loan in the balance sheet of the company​

Answer 1

Answer:

Issue Of Debentures - Meritnation

purchased an established business for ₹ 2, 00,000 payable as ₹ 65,000 by cheque and the balance by issuing 9% Debentures of ₹ ...