1.

Pass journal entries in the following cases: (a) A Co.Ltd. issued ₹ 40,000; 12% Debentures at a premium of 5% redeemable at par. (b) A Co.Ltd. issued ₹ 40,000; 12% Debentures at a discount of 10% redeemable at par. (c) A Co.Ltd. issued ₹ 40,000; 12% Debentures at par redeemable at 10% premium. (d) A Co.Ltd. issued ₹ 40,000; 12% Debentures at a discount of 5% and redeemable at 5% premium. (e) A Co.Ltd. issued ₹ 40,000; 12% Debentures at a premium of 10% redeemable at 110%.

Answer»

e) A Co.Ltd. issued ₹ 40,000; 12% DEBENTURES at a premium of 10% REDEEMABLE at 110%..is the ANSWER



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