Question

(Or)
(b) VJ Ltd. issued 1,000 12% Debentures of Rs. 100 cuch. Give journal
entries in the books of the company. If the debentures were issued as
follows:
(i) Issued at par, redeemable at par
(ii) Issued at a discount of 5%, repayable au par
(iii) Issued at a premium of 10% repayable at pur​

Answer 1

(Or)

(b) VJ Ltd. issued 1,000 12% Debentures of Rs. 100 cuch. Give journal

entries in the books of the company. If the debentures were issued as

follows:

(i) Issued at par, redeemable at par

(ii) Issued at a discount of 5%, repayable au par

(iii) Issued at a premium of 10% repayable at pur