PLEASE HELP ME OUT
Dear Student
Regards
Journal in the books of the company | ||||
Date | Particulars | Debit | Credit | |
Promoters A/c | Dr. | 200,000 | ||
To 15% Debenture A/c (2,000 x 100) | 200,000 | |||
(Being Debentures issued to promoters for their services to the company) | ||||
Underwriters A/c | Dr. | 100,000 | ||
To 15% Debenture A/c (1,000 x 100) | 100,000 | |||
(Being Debentures issued to Underwriters for their services to the company) |
Regards