When a company purchases assets from vendors and, instead of making p…

NCERT (2026-27 edition):
Issue of Debentures for Consideration other than Cash – “Sometimes a company purchased assets from vendors and instead of making payment in cash issues debentures for consideration thereof. Such issue of debentures is called debentures issued for consideration other than cash. In that case also, the debentures may be issued at par, at a premium or at a discount then entries made in such a situation are similar to those of the shares issued for consideration other than cash, which are as follows :”