1.

Sargam Ltd. issued 1,00,000, 6% Debentures of Rs 10 each at a preminum of Rs 2 per debenture on 1st April, 2012. The issue was fully subscribed. Interest will be paid at the end of each financial year. Pass necessary journal entries.

Answer»

Sargam Ltd. issued 1,00,000, 6% Debentures of Rs 10 each at a preminum of Rs 2 per debenture on 1st April, 2012. The issue was fully subscribed. Interest will be paid at the end of each financial year. Pass necessary journal entries.



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