Reliance Ltd. Purchased machinery costing ₹ 1,35,000. It was agreed
Channel: Doubtnut
Date: 29/03/2020

Reliance Ltd. Purchased machinery costing ₹ 1,35,000. It was agreed that the purchase consideration be paid by issuing 9% Debentures of ₹ 100 each. Assume debentures have been issued (i) at par and (ii) at a Discount of 10 % Give necessary Journal entries.