Pass necessary Journal entries for the issue of debentures in the follo
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 premiuma of 5% redeemable at par. (b) ₹ 70,000, 12% Debentures of ₹ 100 each issued at a premium of 5% redeemable at ₹ 110.