A limeited company issued ₹ 1,00,000, 9% Debentures at a discount
Channel: Doubtnut
Date: 29/03/2020

A limeited company issued ₹ 1,00,000, 9% Debentures at a discount of 6% on 1st April, 2017, These debentures are to be redeemed equally, spead over 5 annual instalments. Pass the Journal entries for issue of debentures and writing off the discount.