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Journalise the following transaction at the time of issue of 12% Debentures: Nandan Ltd. issued ₹ 90,000, 12% Debentures of ₹ 100 each at a discount of 5% redeemable at 110%. |
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Answer» e your answer 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 |
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