Give Journal entries for issue and redemption of Debentures in respect of the Debentures issued at a discount and redeemable at premium.

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Latest Answer: 1 month ago
In: Commerce

Give Journal entries for issue and redemption of Debentures in respect of the Debentures issued at a discount and redeemable at premium.

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1 Answers

Answered By Anita Sahani
Answer: 1 month ago

For Debentures Issued at a Discount and Redeemable at a Premium:At the time of issue:Bank A/c Dr.Discount on Issue of Debentures A/c Dr.To Debentures A/cTo Premium on Redemption A/cAt the time of rede... Read More

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