Question

Make journal entries in following cases:-
1) Issued Rs. 500,000, 8% debentures at par, redeemable at par.
2) Issued Rs. 500,000, 8% debentures at a discount of 10% redeemable at par
3) Issued Rs. 500,000, 8% debentures at a premium of 5% redeemable at par
4) Issued Rs. 500,000, 8% debentures at par, redeemable at 10% premium
5) Issued Rs. 500,000, 8% debentures at a discount of 5% redeemable at 5% premium

Answer 1

Answer:

Rs. 500,000,8%

Explanation:

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