Question

12% debentures were issued at a disount 10% to a vendor of machinery for payment of Rs900000

Answer 1

Answer:

Journal entry

Machinery Ac Dr. 9,00,000

To Vendor Ac 9,00,000

(Being machinery is purchased from vendor)

Vendor Ac Dr 9,00,000

To Debenture application 8,10,000

To Discount on issue of debenture 90,000

( being debenture is issued @ 10% discount)

Answer 2

Answer:

hope you get it.............