Question

Excel Ltd. made the following issues of debentures on 1.4.2007 :

• 200 10% debentures of Rs. 100 each to settle a creditor who

supplied a machine on credit some time ago at a price of

Rs. 18,000.

• 300 10% debentures of Rs. 100 each for cash at a discount

of 5%.

• 1,000 10% debentures of Rs. 100 each to the bankers as

collateral security for a loan of Rs. 80,000.

All the above issues are redeemable at par. Pass journal entries

to record the above in the books of the company.​

Answer 1

Answer:

What is your question dear friend........................... hi

Answer 2

what is ur question dear friend