Pass journal entries relating to issue of debentures for the following transactions:
(a) Issued 8,000, 10% debentures of ₹100 each at a discount of 10%, redeemable at 5% premium.
(b) Issued 4,000, 12% debentures of ₹100 each at 10% premium, redeemable at 6% premium.
(c) Issued 1,00,000, 9% debentures of ₹100 each at par redeemable at par.
(d) Issued 5,00,000, 9% debentures of ₹100 each at 10% premium
(e) Issued 6,000, 9% debentures of ₹100 each at a discount of 10% redeemable at par.
Marks-5, CBSE:2021-22/Term-2/Zone-5/Set-1/Q-8
Answer :
Company-Issue of Debentures-Solution-67