On 1st April, 2022, V.V.L. Ltd. issued 1,000, 9% Debentures of ₹ 100 each at a discount of 6%, redeemable at a premium of 10% after three years

2.11K viewsOctober 9, 2023[CBSE] Issue of Debenture

Anurag Pathak24.26K October 9, 2023 0 Comments

On 1st April, 2022, V.V.L. Ltd. issued 1,000, 9% Debentures of ₹ 100 each at a discount of 6%, redeemable at a premium of 10% after three years. Pass necessary Journal entries for the issue of debentures and debenture interest for the year ended 31st March, 2023, assuming that interest is payable on 30th September and 31st March. The company closes its books on 31st March, every year.

Anurag Pathak Changed status to publish October 9, 2023

Add a Comment

1 Answer

Anurag Pathak24.26K Posted October 9, 2023 0 Comments

Solution:-

Anurag Pathak Changed status to publish October 9, 2023

Add a Comment

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 6884

1 Answer

Anurag Pathak

Related Questions