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What Journal entries will be made in the following cases:

(i) A company issued ₹ 40,000, 12% Debentures at par, redeemable also at par.

(ii) A company issued ₹ 40,000, 12% Debentures at a discount of 10% redeemable at par:

(iii) A company issued ₹ 40,000, 12% Debentures at a premium of 5% redeemable at par:

(iv) A company issued ₹ 40,000, 12% Debentures at par, redeemable at 10% premium; and

(v) A company issued ₹ 40,000, 12% Debentures at a discount of 5% and redeemable at 5% premium.

Note: The face value of a 12% Debentures is ₹ 100.

Anurag Pathak Answered question November 22, 2024
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