L and B Ltd. issued 635, 9% debentures of Rs 500 each. Pass necessary journal entries for the issue of debentures in the following situations: (a) When debentures were issued at 5% discount, redeemable at 10% premium. (b) When debentures were issued at 12% premium, redeemable at 6% premium.

    • 10 years ago
    journal entries
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