PART B TWO QUESTIONS ANSWER ONE Question 1 a) Telcom Ltd issued 2,000 15% debenture of Ghc 1,000 each and Ghc2,000 each redeemable in 10 years. All applications were accepted and subsequently allotted. Journalize this transaction Major Topic Debentures Blooms Designation Score EV 9 b) Using practical example, explain why an exceptional item should be disclosed in the financial statement Major Topic Reporting Financial performance Blooms Designation Score AP 8 c) Using practical example explain what constitute a discontinued operations of a business Major Topic Discontinued Operations Blooms Designation Score AN 8 TOTAL SCORE:25