On 1st April 2021, Z Ltd. issued 50,000, 8% Debentures of ₹ 100 each at a discount of 6% redeemable at a premium of 10% after 4 years. The amount was payable as follows:

On Application – ₹ 50 per debenture

On Allotment – Balance after discount.

Record the necessary Journal entry for the issue of debentures in the books of the company.

Anurag Pathak Changed status to publish December 12, 2023
Add a Comment