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LoginOn 1st Apirl, 2016, Sunster Ltd. Issued10,000, 12% Debentures of ₹ 100 each at a discount of 5% redeemable at par as follows:
{:("On 31st March, 2017","2,000 Debentures,"),("On 31st March, 2018","5,000 Debentures,"),("On 31st March, 2019","3,000 Debentures,"):}
Interest is paid annully on 31st March .
You are required to pass the Journal entries, including for interest for the three yearsand prepare Discount on Issue of Debentures Account.
Class 12 Accounts in Class 12 3 years ago
Posted on 04 Dec 2021, this text provides information on Class 12 related to Accounts in Class 12. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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