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Question 90. Ganga Ltd. issued 18,00,000 9% debentures of Rs. 500 each. The board of directors decided to purchase 80,000 debentures at a price of

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Question 90. Ganga Ltd. issued 18,00,000 9% debentures of Rs. 500 each. The board of directors decided to purchase 80,000 debentures at a price of Rs. 485 each for investment purpose. After few months, they decided to sell these debentures @ Rs. 510 each in the market. Record the necessary entries to show the above transactions

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