Reliance Ltd. purchased machinery costing ₹ 1,35,000 . It was agreed that the purchase consideration be paid by issuing 9% Debentures of ₹ 100 each . Assume debentures have been issued(i) at par and(ii)at a discount of 10%.Give necessary journal entries.

Reliance Ltd. purchased machinery costing ₹ 1,35,000 . It was ag

1.	Reliance Ltd. purchased machinery costing ₹ 1,35,000 . It was agreed that the purchase consideration be paid by issuing 9% Debentures of ₹ 100 each . Assume debentures have been issued(i) at par and(ii)at a discount of 10%.Give necessary journal entries.
Answer» Reliance Ltd. purchased machinery costing ₹ 1,35,000 . It was agreed that the purchase consideration be paid by issuing 9% Debentures of ₹ 100 each . Assume debentures have been issued (i) at par and (ii)at a discount of 10%. Give necessary journal entries.

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Reliance Ltd. purchased machinery costing ​₹ 1,35,000 . It was agreed that the purchase consideration be paid by issuing 9% Debentures of ​₹ 100 each . Assume debentures have been issued(i) at par and(ii)at a discount of 10%.Give necessary journal entries.

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Reliance Ltd. purchased machinery costing ₹ 1,35,000 . It was agreed that the purchase consideration be paid by issuing 9% Debentures of ₹ 100 each . Assume debentures have been issued(i) at par and(ii)at a discount of 10%.Give necessary journal entries.