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Kitply Ltd. issued ₹ 2,00,000, 10% Debentures at a discount of 5%. The terms of issue provide the repayment at the end of 4 years

810 viewsDecember 12, 2023[ISC] Issue of Debentures

Anurag Pathak28.60K December 12, 2023 0 Comments

Kitply Ltd. issued ₹ 2,00,000, 10% Debentures at a discount of 5%. The terms of issue provide the repayment at the end of 4 years. Kitply Ltd. has a balance of ₹ 5,00,000 in Securities Premium Reserve. Pass the Journal entries for issue of debentures and writing off the discount.

Anurag Pathak Changed status to publish December 12, 2023

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Anurag Pathak28.60K Posted December 12, 2023 0 Comments

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Anurag Pathak Changed status to publish December 12, 2023

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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

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Kitply Ltd. issued ₹ 2,00,000, 10% Debentures at a discount of 5%. The terms of issue provide the repayment at the end of 4 years

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

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