Practicing Success
What will be the journal entry for the issue of debenture of ₹100 at ₹98 but redeemed at a premium of ₹5 by the company? |
Debenture Application & Allotment A/c Dr. ₹100 Debenture Application & Allotment A/c Dr. ₹98 Debenture Application & Allotment A/c Dr. ₹98 Debenture Application & Allotment A/c Dr. ₹100 |
Debenture Application & Allotment A/c Dr. ₹98 |
Issue at discount and redemption at premium- |