1. XYZ Industries Ltd issued 2,00,000, 10% debentures of Rs 100 each, at a premium of Rs 100 per debenture payable as follows: On application Rs 50; on allotment Rs 50. The debentures were fully subscribed and allmoney was duly received. Record the journal entries in the books of the company and show how theamounts will appear in the balance sheet.

1. XYZ Industries Ltd issued 2,00,000, 10% debentures of Rs 100 each,

1.	1. XYZ Industries Ltd issued 2,00,000, 10% debentures of Rs 100 each, at a premium of Rs 100 per debenture payable as follows: On application Rs 50; on allotment Rs 50. The debentures were fully subscribed and allmoney was duly received. Record the journal entries in the books of the company and show how theamounts will appear in the balance sheet.
Answer» tion:payable as follows: On application Rs 50; on allotment Rs 50. The debentures were fully SUBSCRIBED and allmoney was duly received. Record the journal entries in the books of the company and show how theamounts will APPEAR in the BALANCE sheet.if if you like my answer don't FORGET to follow me

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