Question - 43

Tarranya Ltd. issued 12,000; 8% debenture of Rs. 100 each assuming that all the debenture issued are taken up and paid for pass journal entries in the book of company in each of the following cases.

  1. The debenture are issued at Rs. 90 each.
  2. The debenture are issued at a premium of 10%.
  3. The debenture are issued to creditor of machine amounting to Rs. 12,60,000.
  4. The debenture are issued at par and repayable at par.
  5. The debenture are issued at a discount of 5% and repayable at a premium of 4%.
  6. The debenture are issued as a collateral security to the bank againts the loan of Rs. 10,00,000.

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