Amrit Ltd. issued 1,000, 6% Debentures of ₹ 100 each to Amit and Bhaskar (Promoters) each for their services in incorporating the company.

Pass Journal entry.

[Ans.: Dr. Incorporation Expenses or Preliminary Expenses A/c and Cr. 6% Debentures A/c by ₹ 2,00,000.]

Anurag Pathak Changed status to publish October 7, 2023
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