Question

Raja ltd purchased assets worth ₹ 28,80,000. It issued debentures in satisfaction of the

purchase price. Calculate how many debentures will be issued:


a) In case the debentures are of ₹ 100 each and are issued at a discount of 4% and


b) In case the debentures are of ₹ 80 each and are issued at a premium of ₹10 per

debenture.

Also pass the journal entries required for the issue of debentures​

Answer 1

Answer:

in case a 30000 debentures will be issued

in case b 26181 debentures will be issued