A limited purchase machinery from G Limited for a book value of rupees 4,00,000 . The consideration was paid by the issue of 10% debentures of rupees 100 each at a premium @25%.The debentures account was credited with?
Dear Student,
The entry would be:
Regards
The entry would be:
Furniture A/c To 10% Debentures A/c To SPR (Being 3200 debentures issued for purchase of machinery) |
4,00,000 |
320000 80000 |
Regards