Pass necessary journal entries for the issue of debentures in the following Cases:
(a) Issued 50,000, 9% debentures of Rs.100 each at par redeemable at par.
(b) Issued 10,000, 8% debentures of Rs.100 each at 7% premium redeemable at par.
(c) Issued 750, 8% debentures of Rs.100 each at 10% discount redeemable at par.
(d) Issued 1,000, 9% debentures of Rs.100 each at 5% premium redeemable at 8% premium.
(e) Issued 500, 9% debentures of Rs.100 each at 10% discount redeemable at 10% premium.
Marks-5, CBSE:2021-22/Term-2/Zone-3/Set-1/Q-8
Answer :
Company-Issue of Debentures-Solution-61