Q.12 Pass journal entries for the following at the time of issue of debentures: (a) B...
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Q.12 Pass journal entries for the following at the time of issue of debentures: (a) B Ltd. issues 30,000, 12% Debentures of Rs. 100 each at a discount of 5% to be repaid at par at the end of 5 years. (b) E Ltd. issues Rs. 60,000, 12% Debentures of Rs. 100 each at a discount of 5 % repayable at a premium of 10% at the end of 5 years. (c) F Ltd. issues Rs. 70,000, 12% Debentures of Rs. 100 each at a premium of 5 % redeemable at 110%. Q.12 Pass journal entries for the following at the time of issue of debentures: (a) B Ltd. issues 30,000, 12% Debentures of Rs. 100 each at a discount of 5% to be repaid at par at the end of 5 years. (b) E Ltd. issues Rs. 60,000, 12% Debentures of Rs. 100 each at a discount of 5 % repayable at a premium of 10% at the end of 5 years. (c) F Ltd. issues Rs. 70,000, 12% Debentures of Rs. 100 each at a premium of 5 % redeemable at 110%.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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