B.Ltd., issued 1,000, 12% Debentures of Rs. 100 each on January 1, 201

1.	B.Ltd., issued 1,000, 12% Debentures of Rs. 100 each on January 1, 2015 at a discount of 5% redeemable at par. Give Journal entries relating to the issue of debentures and debentures interest for the period ending December 31, 2015 assuming that interest is paid half yearly on June 30 and December 31 and tax deducted at source is 10%. B. Ltd., follows calendar year as its accounting year.
Answer» B.Ltd., issued 1,000, 12% Debentures of Rs. 100 each on January 1, 2015 at a discount of 5% redeemable at par. Give Journal entries relating to the issue of debentures and debentures interest for the period ending December 31, 2015 assuming that interest is paid half yearly on June 30 and December 31 and tax deducted at source is 10%. B. Ltd., follows calendar year as its accounting year.

B.Ltd., issued 1,000, 12% Debentures of Rs. 100 each on January 1, 2015 at a discount of 5% redeemable at par. Give Journal entries relating to the issue of debentures and debentures interest for the period ending December 31, 2015 assuming that interest is paid half yearly on June 30 and December 31 and tax deducted at source is 10%. B. Ltd., follows calendar year as its accounting year.

Answer»

B.Ltd., issued 1,000, 12% Debentures of Rs. 100 each on January 1, 2015 at a discount of 5% redeemable at par.

Give Journal entries relating to the issue of debentures and debentures interest for the period ending December 31, 2015 assuming that interest is paid half yearly on June 30 and December 31 and tax deducted at source is 10%. B. Ltd., follows calendar year as its accounting year.

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