Vinod limited issued 5,00,000, 7% Debentures of Rs.50 each. Pass necessary journal entries in
the books of the company for the issue of debentures when debentures were :
A) Issued at 4% premium, redeemable at 5% premium
B) Issued at 5 % premium, redeemable at par
C) Issued at 5% Discount, redeemable at 4% premium
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C) Issued at 5% discount, redeemable at 4% premium is the right answer.
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