Question

On 1st April, 2016, XYZ Ltd. issued ₹40,00,000, 12% Debentures of 100 each at a premium of 5% and redeemable at a premium of 10%, 60% of debentures are to be redeemed at the end of 2 years and the balance at the end of 3 years fully out of profits. Pass the necessary Journal Entries during the year of issue and Redemption of Debentures without providing for the interest and loss on issue of Debentures.​

Answer 1

Answer:

Ans is 12

Explanation:

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