The Total solution for NCERT class 6-12
Books of X. Ltd.
Journal
Date
Particulars
L.F.
Debit
Amount
₹
Credit
Machinery A/c
Dr.
4,40,000
To Y
(Machinery purchased from Y)
Y
To 12% Debentures A/c
4,00,000
To Securities Premium A/c
40,000
(Allotted 4,000 debentures of ₹ 100 each at a premium
of ₹ 10 per debenture in consideration of Machinery
purchased)