Accountancy, asked by kishankerai15, 3 months ago


Sangam Woollens Ltd.', Ludhiana, are the manufacturers and exporters of woollen garments. The
company decided to distribute free of cost woollen garments to 10 villages of Lahaul and Spiti District of
Himachal Pradesh. The company also decided to employ 50 young persons from these villages in its newly
established factory. The company issued 40,000 Equity Shares of 10 each and 1,000, 9% Debentures o
100 each to the vendor for the purchase of machinery of 5,00,000.
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Answered by sudipmona
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