On 232016 l and b ltd issued 635 9 debentures of rs 500, Ask an Expert

Accounting

On 2.3.2016 L and B Ltd. issued 635, 9% debentures of Rs 500 each. Pass necessary journal entries for the issue of debentures in the following situations: (a) When debentures were issued at 5% discount, redeemable at 10% premium. (b) When debentures were issued at 12% premium, redeemable at 6% premium.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91835157

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