[CBSE] Q. 16 Issue of Debentures Solution TS Grewal Class 12 (2024-25)

Solution of Question number 16 of the Issue of Debentures Chapter of TS Grewal Book 2024-25 CBSE Board

Amrit Ltd. issued 1,000, 6% Debentures of ₹ 100 each to Amit and Bhaskar (Promoters) each for their services in incorporating the company. Pass Journal entry.

[Ans.: Dr. Incorporation Expenses or Preliminary Expenses A/c and Cr. 6% Debentures A/c by ₹ 2,00,000.]

Solution:-