Question

68. Pass necessary Journal entries for the issue of 7% debentures in the following cases :
(i) 100 debentures of 100 each issued at repayable at * 100 each.
(ii) 100 debentures of 100 each issued at 100 each, repayable at 105 each.
(iii) 100 debentures of * 100 each issued at $ 105, repayable at * 108 each.​

Answer 1

Answer:

1. issued repyable 70

to dr                         70

2.