X Limited has 20,000; 100 each, 12% debentures on April 1, 2010. The terms of issue provide
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X Limited has 20,000; ₹100 each, 12% debentures on April 1, 2010. The terms of issue provide that every year 1/5 of debentures to be redeemed at par by annual drawings. In the year 2010–11, the required number of debentures was redeemed show necessary journal entries in the books of accounts.
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During the year 201011 4000 debentur...View the full answer
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