SS Ltd. purchased its 200 10% own debentures in the open market at 99 exinterest on 1.7.99. Later, these debentures
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SS Ltd. purchased its 200 10% own debentures in the open market at ₹99 exinterest on 1.7.99. Later, these debentures were resold on 1.1.2000 at ₹98 exinterest. Interest is payable on 31st March and 30th September each year. Show journal entries for purchase and resale of own debentures.
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Purchase of Own Debentures on 1 7 99 On 1 7 99 SS Ltd …View the full answer
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Chapter #
4- ISSUE AND REDEMPTION OF DEBENTURES,,
Section: EXERCISES AND PROBLEMS
Problem: 14
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Question Posted: August 31, 2023 12:11:07