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2,500, 13% Debentures of Rs.100 each were issued. The whole amount is payable on Application. The issue was fully subscribed for and was fully Paid up. B) 2 500 12% Dab Q.6 Make necessary entries in the books of Vishwesh Ltd. In YD$767 D following cases D7674 YD3674X387 7674X387YD5?
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2,500, 13% Debentures of Rs.100 each were issued. The whole amount is ...
Entries in the books of Vishwesh Ltd. for the Issuance of 2,500 13% Debentures
- Journal Entry for Issuance of Debentures:
- Debenture A/c Dr. 250,000
To Application A/c 250,000
- Journal Entry for Receipt of Application Money:
- Bank A/c Dr. 250,000
To Debenture A/c 250,000
- Journal Entry for Allotment of Debentures:
- Application A/c Dr. 250,000
To Debenture A/c 250,000
- Journal Entry for Payment of Allotment Money:
- Bank A/c Dr. 250,000
To Application A/c 250,000

Explanation:
- The company Vishwesh Ltd. has issued 2,500 13% Debentures of Rs.100 each, totaling Rs.250,000.
- The entire amount was payable on application, and the issue was fully subscribed for and fully paid up.
- The first entry records the issuance of the debentures and the receipt of application money.
- The second entry reflects the allotment of debentures to the subscribers.
- The third entry shows the receipt of allotment money from the subscribers.
- These entries ensure that the financial transactions related to the issuance of debentures are accurately recorded in the books of Vishwesh Ltd.
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2,500, 13% Debentures of Rs.100 each were issued. The whole amount is payable on Application. The issue was fully subscribed for and was fully Paid up. B) 2 500 12% Dab Q.6 Make necessary entries in the books of Vishwesh Ltd. In YD$767 D following cases D7674 YD3674X387 7674X387YD5?
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