Sarthaks APP
0 votes
12.0k views
in Accounts by (64.1k points)

T. Ltd. offered 2,00,000, 8% Debenture of Rs.500 each on June 30, 2002, at a premium of 10% payable as Rs.200 on the application (including premium) and balance on the allotment, redeemable at par after 8 years. But application are received for 3,00,000 debenture and the allotment is made on pro-rata basis. All the money due on application and allotment is received. Record necessary entries regarding the issue of debenture.

1 Answer

0 votes
by (106k points)
selected by
 
Best answer

Journal Entries.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...