Q. 7 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)
Here are the solution of question number 7 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25).
R Ltd. issued 8,000, 13% Debentures of ₹ 100 each at a discount of 5% payable as follows:
| On Application | ₹ 25 |
| On Allotment | ₹ 25 |
| On First and Final Call | The Balance Amount |
Public applied for 6,000 debentures. All the moneys were duly received. Expenses on issue of debentures amounted to ₹ 20,000.
Pass journal entries (for first year only).
Solution:-
