Reliance Ltd. purchased machinery costing ₹ 1,35,000. It was agreed that the purchase consideration be paid by issuing 9% Debentures of ₹ 100 each. If debentures have been issued (i) at par and (ii) at a discount of 10%. Give necessary Journal entries.

[Ans.: Number of Debentures Issued – (i), 1,350; (ii) 1,500]

Anurag Pathak Changed status to publish October 7, 2023
Add a Comment