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A company issued debentures of the …

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A company issued debentures of the face value of Rs 1000000 at a discount of 6% on 1 april 2012.these debentures are redeemable by annual drawings of Rs200000 made on 31 march each year. The directors decided to write off discount based on the debentures outstanding each year. Prepare discount on issue of debentures account for five years
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