On 2.3.2016 L and B Ltd. …
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On 2.3.2016 L and B Ltd. Issued 635, 9% debentures of Rs. 500 each. Pass the necessary journal entries for the issue of Debentures, in the following situation :
(a) When debentures were issued at 5% discount,
redeemable at 10% premium.
(b) When debentures were issued at 12% premium, redeemable at 6% premium.
Posted by Vikas Sharma 7 years, 5 months ago
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Ria Munjal 7 years, 5 months ago
4Thank You