Question

Gujrat Gas ltd. Issued 600000 ,9% debentures of Rs.1000 each payable as followsOn application Rs.300On allotment Rs.700The debentures were fully subscribed and all the money was duly received. As per terms of issue, the debentures are redeemable at Rs.1100 per debenture. Record necessary journal entries regarding issue of debentures.​

Answer 1

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Answer 2

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