Question

Journalise the following transactions
a) Mehar Ltd. issued 1,00,000, 12% Debentures of 100 each at a premium of 5%
redeemable at par.
b) 12 % Debentures were issued at a discount of 10% to a vendor of machinery for
payment of 9.00.000
c) Issue of 10,000 11% debentures of 100 each as collateral in favour of State Bank
of India. Company opted to pass necessary entry for issue of debentures.​

Answer 1

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