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B Ltd. issued 9% Debentures of ₹ 100 each at a premium of 20% to Vendors for purchase of plant costing ₹ 6,00,000

3.32K viewsOctober 7, 2023[CBSE] Issue of Debenture

Anurag Pathak28.35K October 7, 2023 0 Comments

B Ltd. issued 9% Debentures of ₹ 100 each at a premium of 20% to Vendors for purchase of plant costing ₹ 6,00,000. Pass the necessary Journal entry for the payment made to vendors.

[Ans.: No. of Debentures issued = ₹ 6,00,000/₹ 120 = 5,000.]

Anurag Pathak Changed status to publish October 7, 2023

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Anurag Pathak28.35K Posted October 7, 2023 0 Comments

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B Ltd. issued 9% Debentures of ₹ 100 each at a premium of 20% to Vendors for purchase of plant costing ₹ 6,00,000

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Anurag Pathak

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Anurag Pathak

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