Pass necessary journal entries in the following cases :

(i) Sunrise Ltd. converted 500, 9% debentures of Rs 100 each issued at a discount of 10% into equity shares of Rs 100 each issued at a premium of Rs 25%.

Question

Pass necessary journal entries in the following cases :

(i) Sunrise Ltd converted 500, 9% debentures of Rs 100 each issued
at a discount of 10% into equity shares of Rs 100 each issued at a
premium of Rs 25%

Monika Sharma · Accepted Answer

Dear Student,
The solution to this query is already available on our site Please
go through the following link and scroll to question no 9

https://www meritnation
com/cbse/class12-commerce/board-papers/accountancy/partnership-accounts/cbse-class-12-accountancy-board-paper-2014-all-india-set-3-solutions/starttest/F5wA7AwIN2cvB@q9$ZKrXA!!
All the Best!!

Pass necessary journal entries in the following cases : (i) Sunrise Ltd. converted 500, 9% debentures of Rs 100 each issued at a discount of 10% into equity shares of Rs 100 each issued at a premium of Rs 25%.

Pass necessary journal entries in the following cases :

(i) Sunrise Ltd. converted 500, 9% debentures of Rs 100 each issued at a discount of 10% into equity shares of Rs 100 each issued at a premium of Rs 25%.