Q. 52 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)
the solution of question number 52 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)
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:
| On Application | ₹ 50 per debentures and |
| On Allotment | balance |
Record the necessary journal entries for the issue of debentures in the books of Zed Ltd.
[Ans. Loss on Issue ₹ 32,00,000. It will be written off from Statement of Profit & Loss.]
Solution:-
