A company purchased land & building of the book value of 4,50,000 from Mr. Anand. It was

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A company purchased land & building of the book value of ₹4,50,000 from Mr. Anand. It was agreed that the purchase consideration be paid by issuing 10% debentures of ₹100 each. Pass journal entries if the debentures have been issued: 

(i). At par; 

(ii). At discount of 10%;

(iii). At a premium of 10%.

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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