AXE Co. Ltd. issued 4,00,000, 10% debentures of 100 each, at a discount of 5%, which are
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AXE Co. Ltd. issued ₹4,00,000, 10% debentures of ₹100 each, at a discount of 5%, which are repayable after 10 years, at a premium of 15%. Pass journal entry for the issue.
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When a company issues debentures at a discount it records the transaction in its accounting records ...View the full answer
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