Alok Ltd. issued 7,000, 10% Debentures of ₹ 500 each at a premium of ₹ 50 per debenture redeemable at a premium of 10% after 5 years. According to the terms of issue, ₹ 200 was payable on application and balance on allotment. Record necessary Journal entries at the time of issue of 10% Debentures.

Alok Ltd. issued 7,000, 10% Debentures of ₹ 500 each at a premium of

1.	Alok Ltd. issued 7,000, 10% Debentures of ₹ 500 each at a premium of ₹ 50 per debenture redeemable at a premium of 10% after 5 years. According to the terms of issue, ₹ 200 was payable on application and balance on allotment. Record necessary Journal entries at the time of issue of 10% Debentures.
Answer» Alok Ltd. issued 7,000, 10% Debentures of ₹ 500 each at a premium of ₹ 50 per debenture redeemable at a premium of 10% after 5 years. According to the terms of issue, ₹ 200 was payable on application and BALANCE on allotment.Record necessary Journal entries at the time of issue of 10% Debentures.Hope it helps brainly be brainly..just wanted to let you KNOW that I answer

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