ABC Ltd. issued 500 7% debentures of Rs. 100 each. What entries will be passed if:

i) Debentures are issued at par and redeemable at par.

 ii) Debentures are issued at 5% discount and repayable at par.

 iii) Debentures are issued at 8% premium and repayable at par.

 iv) Debentures are issued at par and redeemable at 5% premium.

 v) Debentures are issued at 5% discount and repayable at 5% premium.

Answer rating: 100% (QA)

Answer i Debentures are issued at par and redeemable at par Debentures issued at par and redeem... View the full answer