Venus Ltd. issued 40,000; 10% Debentures of Rs. 100 each at par for cash payable in full along with the application. Applications were received for 60,000 debentures. Debentures were allotted and excess application money was refunded. Pass Journal entries in the books of the company. – Swamonk EduCare

Venus Ltd. issued 40,000; 10% Debentures of Rs. 100 each at par for cash payable in full along with the application. Applications were received for 60,000 debentures. Debentures were allotted and excess application money was refunded. Pass Journal entries in the books of the company.

Post category:Accountancy
Reading time:1 mins read

Solution

Leave a Reply Cancel reply

You must be logged in to post a comment.