Pass the necessary journal entries for the issue of debentures for the following transactions :
- Anand Ltd. issued 800, 9% Debentures of Rs. 500 each at a premium of 20%, to the vendors for machinery purchased from them costing Rs. 4,80,000.
- Dawar Ltd. issued 5,000, 7% Debentures of Rs. 200 each at a premium of 5%, redeemable at a premium of 10%.
- Novelty Ltd. issued 1,000, 8% Debentures of Rs. 100 each at a discount of 5%, redeemable at a premium of 10%.Â
Marks-6, CBSE:2019-20/Main/03/Q-20*
