Pass necessary journal entries in the books of RR Ltd. for issue of debentures in the following cases:
- Issued 9,000, 9% debentures of ₹100 each at a discount of 10%, redeemable at a premium of 5% after 5 years.
- Issued 5,000, 11% debentures of ₹100 each at a premium of 10%, redeemable at a premium of 5% after 5 years.
Marks-3, CBSE: 2024-25/Zone-6/Set-1/Q-19(b)
Answer :
