Question

Chapter 9. Company Accounts—Issue of Debentures 9.39
Illustration 33.
BG Ltd. issued 2,000, 12% Debentures of 100 each on 1st April, 2012. The issue was fully
subscribed. According to the terms of issue, interest on the debentures is payable half-yearly
on 30th September and 31st March and the tax deducted at source is 10%.
Pass necessary Journal entries related to the debenture interest for the half-yearly ending 31st March,
2013 and transfer of interest on debentures of the year to the Statement of Profit and Loss. (Delhi 2014)
Solution:
JOURNAL OF BG LTD.
Tate
TLF.
Particulars
Dr.R) Cr.)​

Answer 1

Answer:

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