x ltd. invited application for issuing 500 12%deb of rs.100 each at discount of 5%. these deb were redeemable after 3years at par
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bank a/c dr 47500
discount on issue a/c dr 2500
To 12% debenture ac 50000
discount on issue a/c dr 2500
To 12% debenture ac 50000
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