Question

Pass the necessary journal entries regarding issue
of debentures in the books of XY Ltd. In
following cases:
(a) 2,000; 7% debentures of Rs. 100 each have
been issued at par and redeemable at 4%
premium
(b) 2,000; 7% debentures of Rs. 100 each have
been issued at 5% discount and redeemable at
2.5% premium
(2+2)
TIL
10
YYY​

Answer 1

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