Question
X Ltd. made the following issues of debentures: 1. For cash at 90% but repayable at 110% debentures of Rs.50,000. 2. To a creditor who
X Ltd. made the following issues of debentures:
1. For cash at 90% but repayable at 110% debentures of Rs.50,000.
2. To a creditor who supplied machinery costing Rs.10,00,000, 11,000 debentures of Rs.100 each.
3. To bank for a loan of Rs.21,00,000 as collateral security 30,000 debentures of Rs.100 each.
Journalize the transactions.
Step by Step Solution
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Solution 1 Cash Ac Dr 45000 To Debentures Ac 50000 Being debentures issued at 90 of face value 2 Mac...
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Calculus Early Transcendentals
Authors: James Stewart
7th edition
538497904, 978-0538497909
