You are required to pass the journal entries relating to the issue of the debentures in
Channel: Doubtnut
Date: 2021-11-02

You are required to pass the journal entries relating to the issue of the debentures in the books of X Ltd., and show how they would appear in its  balance sheet under the following cases : (a) 120,8% debenturs of Rs 1000 each are issued at 5% discount and repayable at par.  (b) 150,7% debentures of Rs 1000 each are issued at 5%  discount and repayble at premium  of 10%(c ) 80,9% debentures of Rs 1000 each are issued at 5% premium  (d )Another 400 ,8% debentures o fRs 100 each are issued as collateral security against a loan of Rs 40000