Q. 14 solution of Issue of Debentures Chapter TS Grewal Book Class 12 2021-22
Solution of Question number 14 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Amrit Ltd. was promoted by Amrit and Bhaskar with an authorised capital of ₹ 10,00,000 divided into 1,00,000 shares of ₹ 10 each.
The company decided to issue 1,000, 6% Debentures of ₹ 100 each to Amrit and Bhaskar 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:-
Here is the list of all Solutions.
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