37 :- Care Cosmetics Ltd. issued 50,000; 9% Debentures of Rs 10 each on 1st April, 2021 redeemable at a premium of 10% after 10 years. According to the terms of issue, Rs 4 is payable on application and balance on allotment of debentures. Record necessary Journal entries regarding issue of debentures.
Solution :-
