Question - 41

X Ltd. issued 15,000, 10% debentures of Rs. 100 each give journal entries and present it in the balance sheet in each of the following cases:

  1. The debentures are issued at a premium of 10%.
  2. The debentures are issued at a discount of 5%.
  3. The debentures are issued as a collateral security to bank againts a loan of Rs. 12,00,000 and 
  4. The debentures are issued to a supplier of machinery costing Rs. 13,50,000.

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