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

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