1.

A limited company issued 800 Equity Shares of ₹ 100 each at a premium of 25% as fully paid-up in consideration of the purchase of plant and machinery of ₹ 1,00,000. Pass entries in company’s journal.

Answer»

SWER IS VERY NICEXYZ Ltd. issued 5,000, 10% Debentures of ₹ 100 each on 1st APRIL, 2015 at a discount of 10% redeemable at a premium of 10% after 4 years. Give journal entries for the year ended 31st March, 2016, ASSUMING that the interest was payable half-yearly on 30th SEPTEMBER and 31st March. Tax is to be DEDUCTED @ 10%.HOPE THIS HELPS FOLLOW ME!!MARK AS BRAINLIEST



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