1.

X Ltd. has 4.000 12% debentures of 100 each on 1st April, 2018. According to the terms of issue interest on debentures is payable halfyearly on 30th September and 31st March and the rate of tax deducted atsource is 10%.Pass necessary journal entries for interest on debentures for the year2018-19.​

Answer»

ANSWER:

The JOURNAL Entries is attached in the below MENTIONED Excel SHEET...Also the IMAGE of the same is attached

Explanation:



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