1.

Pass necessary journal entries for the issue of Debentures in the following cases: (a) ₹ 40,000; 12% Debentures of ₹ 100 each issued at a premium of 5% redeemable at par. (b) ₹ 70,000; 12% Debentures of ₹ 100 each issued at a premium of 5% redeemable at a premium of 110.

Answer»

Pass necessary journal entries for the issue of Debentures in the FOLLOWING cases:(a) ₹ 40,000; 12% Debentures of ₹ 100 each issued at a premium of 5% redeemable at par.(b) ₹ 70,000; 12% Debentures of ₹ 100 each issued at a premium of 5% redeemable at a premium of 110.Hope you are having a good DAY and I will SEE you at the next meeting is on the way hope you are having no query



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