Question - 19

X Ltd. issued 2,000, 12% debentures of Rs. 100 each on 1st january, 1999 redeemable after three years the company took an insurance policy of Rs. 2,00,000 for the redeption of debentures and paid Rs. 63,000 as annual premium at the end of 3rd year the policy amount was received and debentures were redeemed give the necessary ledger accoounts.

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