A company issued debentures of the face value of 1,00,000 at a discount of 6%. The debentures

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A company issued debentures of the face value of ₹1,00,000 at a discount of 6%. The debentures were repayable by annual drawings of ₹20,000. How would you deal with the discount on debentures?

Show the discount account in the company’s ledger for the period of duration of debentures.

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 31, 2023 12:10 PM

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A company issued debentures of the face value of 1,00,000 at a discount of 6%. The debentures

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When a company issues debentures at a discount the discount amount represents the difference between ...View the full answer

Corporate Accounting

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