Grown Ltd. issued 500, 10% Debentures of Rs. 1,000 each credited as fully paid-up to the promoters for their services to incorporate the company. It also issued 100, 10% Debentures of Rs. 1,000 each credited as fully paid-up to the underwriters towards their commission. Pass the Journal entries. – Swamonk EduCare

Grown Ltd. issued 500, 10% Debentures of Rs. 1,000 each credited as fully paid-up to the promoters for their services to incorporate the company. It also issued 100, 10% Debentures of Rs. 1,000 each credited as fully paid-up to the underwriters towards their commission. Pass the Journal entries.

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