Q.No 7 | Issue of Debentures | Company Accounts | TS Grewal Solutions | 2020-21
Channel: Jitendra Singh Jat
Date: 24/11/2020

Q.No 7 | Issue of Debentures | Accounting for Companies | TS Grewal Solutions | 2020-21
Alok Ltd. issued 7,000 10% Debentures of Rs.500 each at a premium of Rs.50 per debenture.
Journal entries for issue of debentures at premium for cash.
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Forfeiture of share
Reissue of share
Gain on Reissue transfer to Capital Reserve

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