CBSE 2023 · Region 2 · Set 1 · Q24

Pass necessary journal entries for the issue of debentures in the following cases : (i) Issued ₹ $\displaystyle 75,00,000$, $\displaystyle 9$% debentures of ₹ $\displaystyle 100$ each at a premium of $\displaystyle 10$% redeemable at a premium of $\displaystyle 5$% after $\displaystyle 3$ years. (ii) Issued $\displaystyle 8,000$, $\displaystyle 9$% debentures of ₹ $\displaystyle 100$ each at a discount of $\displaystyle 6$% redeemable at a premium of $\displaystyle 3$% after $\displaystyle 5$ years. (iii) Issued $\displaystyle 90,000$, $\displaystyle 9$% debentures of ₹ $\displaystyle 100$ each at par, redeemable at par after $\displaystyle 4$ years.