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Smart Ltd. issued 5,000, 10% Debentures of ₹ 100 each, payable ₹ 30 on application and ₹ 70 on allotment

948 viewsDecember 12, 2023[ISC] Issue of Debentures

Anurag Pathak28.35K December 12, 2023 0 Comments

Smart Ltd. issued 5,000, 10% Debentures of ₹ 100 each, payable ₹ 30 on application and ₹ 70 on allotment. Applications were received for 4,000 debentures and debentures were allotted to all the applicants.

Give the necessary Journal entries and Balance Sheet of Smart Ltd.

Anurag Pathak Changed status to publish December 12, 2023

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Anurag Pathak28.35K 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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Smart Ltd. issued 5,000, 10% Debentures of ₹ 100 each, payable ₹ 30 on application and ₹ 70 on allotment

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

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