PRACTICAL QUESTIONS
Q. No. 1(A) (Issue at Par)
Himalaya Ltd. issued 1,000, 15% Debentures of 100 each at par, payable 20 on application, 20 on allotment, 30
on first call and 30 on second call. All the amounts were duly received. Pass necessary journal entries assuming that the
expenses on issue amounted to 2,000.
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Answer:
485456844
Explanation:
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