Pass necessary journal entries for the issue of debentures in the books of YK Ltd.:
(i) Issued 500, 9% debentures of ₹1,000 each at par, redeemable at par.
(ii) Issued 20,00,000, 10% debentures at 6% discount, redeemable at par.
(iii) Issued 2,000, 8% debentures of ₹100 each at a discount of 2%, redeemable at a premium of 4%.
Marks-6, CBSE:2022-23/Compartment/Q-23
Answer :
Company-Issue of Debentures-Solution-47