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On 1st April ,2014 ,X LTD …

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On 1st April ,2014 ,X LTD . issued 1000, 10% Debentures of Rs100 each at a discount of 10 % redeemable at par. Show the " Discount on issue of Debentures Account" if (a) such Debentures are redeemable after 4years, and (b) such debentures are redeemable by equal annual drawings in 4 years . X Ltd . follows financial year as it's accounting year. Please show proper solution with working note ....

Posted by Tanish Gupta 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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