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B limited issued 9% debenture of …

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B limited issued 9% debenture of ₹100 each at a premium of 20% to vendors for purchase of plant costing ₹6,00,000 .pass the necessary journal entry

    • Posted by Priyanshi Yadav 2 years, 7 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Sukhpinder Sandhu 2 years, 7 months ago

    Plant A/C Dr..6,00,000 To Vendor A/C ..6,00,000 No. Of debenture issued = 6,00,000÷120=5000 (100+20 premium) Vendor A/C Dr.. 6,00,000 (5000×100)To9% deb A/C 5,00,000 (5000×20)To security premium 1,00,000

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