Q. 46 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)

the solution of question number 46 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)

Give the journal entries at the time of issue of debentures in the following cases:

(i) Issued ₹ 5,00,000, 12% debentures at par and redeemable at par after 5 years.

(ii) Issued ₹ 8,00,000, 11% debentures at 6% discount, redeemable at par after 4 years.

(iii) Issued ₹ 10,00,000, 14% debentures at 5% premium, redeemable at par after 4 years.

(iv) Issued ₹ 20,00,000, 12% debentures at par, redeemable at 5% premium after 3 years.

(v) Issued ₹ 12,00,000, 13% debentures at 4% discount, redeemable at 6% premium after 3 years.

Solution:-