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Question 3 Marks 10 The Cosmos Corporation has issued 10,000 debentures on 1st January 2019 with the par value of Rs. 100 @ 10% coupon

Question 3 Marks 10 The Cosmos Corporation has issued 10,000 debentures on 1st January 2019 with the par value of Rs. 100 @ 10% coupon rate redeemable after 5 years. Record General Entries for the issuance and redemption of debenture under two conditions reported below. a) Issued at par redeemable at par. b) Issued at Rs. 5 Discount redeemable at par.

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