Zed Ltd. issued 2,00,000, 8% debentures of ₹ 100 each at a discount of 6% redeemable at a premium of 10% after 5 years. The amount was payable as follows:
Zed Ltd. issued 2,00,000, 8% debentures of ₹ 100 each at a discount of 6% redeemable at a premium of 10% after 5 years. The amount was payable as follows:
Record the necessary journal entries for the issue of debentures in the books of Zed Ltd.
[Ans. Loss on Issue ₹ 32,00,00
| On Application | ₹ 50 per debentures and |
| On Allotment | balance |
Anurag Pathak Answered question November 23, 2024
