Accountancy, asked by sam5818, 1 year ago

If 100 bonds are purchase @ 95 each of face value 100 each what entry will be passed

Answers

Answered by piyushraipur110
2

i hope this is the answer

purchase entry is 95.100=9500

selling entry is 100,000



sam5818: Bhai entry puch ra hu
prashantddhakre: Check the ebtry
Answered by prashantddhakre
3

Investment in Bond account debited Rs. 9500 Bank account is credited Rs. 9500 (Being 100 Bond Face value 100 purchase@95 each)


sam5818: 5 is profit in each bond
sam5818: It will not credit
prashantddhakre: Yes according to my opinion no need to credited
sam5818: But why o
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