1.

A limited company bought a Building for ₹ 9,00,000 and the consideration was paid by issuing 10% Debentures of the normal (face) value of ​₹ 100 each at a discount of 10%. Give journal entries.

Answer»

SWER IS VERY NICE DUDEANSWER OF YOUR QUESTION ISXYZ Ltd. ISSUED 5,000, 10% Debentures of ₹ 100 each on 1st APRIL, 2015 at a discount of 10% redeemable at a premium of 10% after 4 years. Give journal entries for the year ended 31st March, 2016, ASSUMING that the interest was payable half-yearly on 30th September and 31st March. Tax is to be deducted @ 10%.HOPE THIS HELPS MARK AS BRAINLIEST



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