On 1 March 2007 DB Limited issued R560 000 15 % debentures at R98. The debentures...
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On 1 March 2007 DB Limited issued R560 000 15 % debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required Journalise the above events in the books of DB Limited for the period 1 March 2001 to 28 February 2007. On 1 March 2007 DB Limited issued R560 000 15 % debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required Journalise the above events in the books of DB Limited for the period 1 March 2001 to 28 February 2007.
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Answer Date Account Titles Debit R Credit R 01032007 Bank 56000098100 548800 Debenture application a... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
Posted Date:
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