What Journal entries will be made in the following cases: A company issued ₹ 40,000, 12% Debentures at par, redeemable also at par.
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