Amrit Ltd. Was promoted by Amrit and Bhaskar with an authorised capital of ₹ 10,00,000 divided into 1,00,000 shares of ₹ 10 each. The company deci

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Amrit Ltd. Was promoted by Amrit and Bhaskar with an authorised capital of ₹ 10,00,000 divided into 1,00,000 shares of ₹ 10 each.
The company decided to issue 1,000,6% Debentures of ₹ 100 each to Amrit to Bhaskar each for their servides in incorporating the company.
Pass Jounrnal entry .


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Salim Ahmed Kawsar

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Correct Answer - Dr . Incorporation Expenses A//C - ₹ 2,00,000; Cr 6% Debentures A/C - ₹ 2,00,000.

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