Pass necessary Journal entries for the issue of debentures for the following transactions:
- Kajal Ltd. issued 30,000, 11% Debentures of ₹ 100 each at a discount of 10% redeemable at a premium of 5%
- Ninja Ltd. issued 32,000, 8% Debentures of ₹ 100 each at a premium of ₹ 20 per debenture, redeemable at a premium of ₹ 10 per debenture
- Him Ltd. issued 40,000, 13% Debentures of ₹ 100 each at par, redeemable at a premium of 10%.
Solution :
