Question

27.. Journalize the following transactions: 6
(a) Mehar Ltd. issued Rs 1,00,000, 12% Debentures of Rs 100 each at a premium of 5%, redeemable at a premium of 2%.
(b) 12% Debentures were issued at a discount of 10% to a Vendor of machinery for payment of Rs 9,00,000.​

Answer 1

Answer:

27.. Journalize the following transactions: 6

(a) Mehar Ltd. issued Rs 1,00,000, 12% Debentures of Rs 100 each at a premium of 5%, redeemable at a premium of 2%.

(b) 12% Debentures were issued at a discount of 10% to a Vendor of machinery for payment of Rs 9,00,000.