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Woodlock Ltd. issued 20,000, 8% Debentures of ₹ 100 each on 1st April, 2021 redeemable at 20% premium

952 viewsDecember 12, 2023[ISC] Issue of Debentures

Anurag Pathak28.35K December 12, 2023 0 Comments

Woodlock Ltd. issued 20,000, 8% Debentures of ₹ 100 each on 1st April, 2021 redeemable at 20% premium. The debentures were fully subscribed.

It has a balance of ₹ 1,50,000 in Securities Premium Reserve Account.

Pass the necessary Journal entries for issue of debentures and writing off loss on issue of debentures.

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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Woodlock Ltd. issued 20,000, 8% Debentures of ₹ 100 each on 1st April, 2021 redeemable at 20% premium

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

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