Pass necessary Journal entries for the issue of Debentures in the following cases:(a) ₹ 40,000; 15% Debentures of ₹ 100 each issued at a discount of 10% redeemable at par.(b) ₹ 80,000; 15% Debentures of ₹ 100 each issued at a premium of 10% redeemable at a premium of 10%.

Pass necessary Journal entries for the issue of Debentures in the foll

1.	Pass necessary Journal entries for the issue of Debentures in the following cases:(a) ₹ 40,000; 15% Debentures of ₹ 100 each issued at a discount of 10% redeemable at par.(b) ₹ 80,000; 15% Debentures of ₹ 100 each issued at a premium of 10% redeemable at a premium of 10%.
Answer» Pass necessary Journal entries for the issue of Debentures in the following cases: (a) ₹ 40,000; 15% Debentures of ₹ 100 each issued at a discount of 10% redeemable at par. (b) ₹ 80,000; 15% Debentures of ₹ 100 each issued at a premium of 10% redeemable at a premium of 10%.

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Pass necessary Journal entries for the issue of Debentures in the following cases:(a) ₹ 40,000; 15% Debentures of ₹ 100 each issued at a discount of 10% redeemable at par.(b) ₹ 80,000; 15% Debentures of ₹ 100 each issued at a premium of 10% redeemable at a premium of 10%.

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