Q. 44 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)

the solution of question number 44 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)

Pass necessary Journal Entries relating to the issue of debentures for the following:

(i) Issued ₹ 4,00,000, 9% debentures of ₹ 100 each at a premium of 8% redeemable at 10% premium.

(ii) Issued ₹ 6,00,000, 9% debentures of ₹ 100 each at par, repayable at a premium of 10%.

(iii) Issued ₹ 10,00,000, 9% debentures of ₹ 100 each at a premium of 5% redeemable at par.

Solution:-