Question

LUILUULUU
(UD)
mileresi OI RS. 1,23, Vw panu on Devenues.
Pass the journal entries for allotment of debentures in the following cases:
(a)
Harman Ltd. Issued 10,000, 8% debentures of Rs. 100 each at a
discount of 5% redeemable at a premium of 10% after 5 years.
(b)
Sharman Ltd. issued 10,000, 9% debentures of Rs. 100 each at a
premium of 10% redeemable after 5 years at a premium of 10%​

Answer 1

Explanation:

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