Question - 44

Pass the necessary journal entries for the issuing and redemption of debentures in the following cases:

  1. 15,000; 9% debentures of Rs. 250 each issued at 5% premium repayable at 15% premium.
  2. 2,00,000; 12% debentures of Rs. 10 each issued 8% premium repayable at par.

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