1.

On 1st April, 2012, a Limited Company issued 11% Rs 10,00,000 debentures at a discounr of 6% repayable at the end of 5 years at par. Pass journal entries for the issue of debentures and prepare Discount on Issue of debentures Account for five years. Assume that the accounts are closed on 31st March every year.

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On 1st April, 2012, a Limited Company issued 11% Rs 10,00,000 debentures at a discounr of 6% repayable at the end of 5 years at par. Pass journal entries for the issue of debentures and prepare Discount on Issue of debentures Account for five years. Assume that the accounts are closed on 31st March every year.



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