Journalise the transactions given below: (i) A debenture issued at 95 repayable at 100; (ii) A debenture
Question:
Journalise the transactions given below:
(i) A debenture issued at ₹95 repayable at ₹100;
(ii) A debenture issued at ₹95 repayable at ₹105;
(iii) A debenture issued at ₹100 repayable at ₹105;
(iv) A debenture issued at ₹105 repayable at ₹00. Face value of each debenture is ₹100.
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Step by Step Answer:
Here are the journal entries for each of the given debenture issuance scenarios Scenario i Debenture ...View the full answer
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2nd Edition
Authors: M Hanif, A Mukherjee
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