CBSE 2023 · Region 4 · Set 2 · Q23

Pass necessary journal entries for issue of $\displaystyle 12$% Debentures in the books of Hemant Ltd. in the following cases : (i) Issued $\displaystyle 1,000$, $\displaystyle 12$% Debentures of ₹ $\displaystyle 100$ each at a discount of $\displaystyle 10$%, redeemable at a premium of $\displaystyle 8$%. (ii) Issued $\displaystyle 4,000$, $\displaystyle 12$% Debentures of ₹ $\displaystyle 100$ each at a premium of $\displaystyle 5$%, redeemable at a premium of $\displaystyle 10$%. (iii) Issued $\displaystyle 5,000$, $\displaystyle 12$% Debentures of ₹ $\displaystyle 100$ each at a premium of $\displaystyle 10$%, redeemable at par.