Pass necessary Journal entries for the issue of debentures in the fo
Channel: Doubtnut
Date: 2020-03-29

Pass necessary Journal entries for the issue of debentures in the following cases: (a) ₹ 40,000, 12% Debentures of ₹ 100 each issued at a discount of 10% redeemable at par. (b) ₹ 80,000, 15% Debentures of ₹ 100 each issued at a premium of 10% redeemable at a premium of 10%.