Question

Ltd issued 2,000 , 10% Debentures of Rs 100 each on 1st April , 2013 at par and redeemable at a premium of 10% . Pass Journal entries for issue of Debentures and payment of interest for the year 2013-14 assuming that interest was payable halfyearly on 30th september and 31st March and tax deducted at source 10%. State the amount that will be transfered to Statement of Profit and Loss at the end of the year. *
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Answer 1

Explanation:

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