Ashoka Ltd. purchased machinery costing ₹ 1,35,000. It was agreed that the purchase consideration be paid by issuing 12% debentures of ₹ 100 each
Ashoka Ltd. purchased machinery costing ₹ 1,35,000. It was agreed that the purchase consideration be paid by issuing 12% debentures of ₹ 100 each. Assume debentures have been issued, (I) at par, and (ii) at a discount of 10%.
Give necessary journal entries.
[Ans. Number of Debentures issued in case I 1,350, and Case II 1,500.]
Anurag Pathak Answered question November 22, 2024