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.
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Accounting For Biological Assets
Authors: Rute Goncalves, Patricia Teixeira Lopes
1st Edition
1032096225, 9781032096223
