Banana Tree Ltd. issued 4,00,000; 9% Debentures of ₹ 50 each, payable on application. Pass Journal entries, at the time of issue of debentures in the following situations:

(i) Issued at par, redeemable at 10% premium,

(ii) Issued at 5% premium, redeemable at 10% premium.

Anurag Pathak Changed status to publish December 12, 2023
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