Q. 14 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)

Here are the solution of question number 14 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)

J Ltd. purchased machinery for ₹ 3,50,000 from K Ltd. on 28.2.2023. ₹ 50,000 were paid to K Ltd. immediately and the balance was paid by issue of 10% debentures of ₹ 3,10,000 in J Ltd. Pass the necessary journal entries including writing off discount on issue of debentures.

[Ans. Discount on issue of debentures will be debited by ₹ 10,000.]

Solution:-