Pass Journal entries relating to issue of debentures in the books of Novex Ltd. in each of following cases:
- Issued 30,000, 10% Debentures of Rs.100 each at a premium of 10%, redeemable at par.
- Issued 4,000, 10% Debentures of Rs.100 each at a premium of 15%, redeemable at a premium of 10%.
- Issued 5,000, 10% Debentures of Rs.100 each at a discount of 5%, redeemable at a premium of 10%.
Marks-6, CBSE: 2023-24/Zone-5/Set-1/Q-26
Answer :
