Question

Rickel Ltd. issued 6%, 9000 debentures of Rs. 1000 each at 5% discount on 1st April,

2018 redeemable at a premium of 8% after 10 years. As per the terms of the

prospectus, Rs. 400 was to be paid on application and balance on allotment of

debentures. Record necessary journal entries​

Answer 1

Answer:

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