Mathematics, 11.05.2021 16:10 JohnBradley8657

A company issued 9,000 12% debentures of 100 each at a discount of 10%. Debentures are to be redeemed in five equal annual instalments. Calculate the amount of discount on issue of debentures to be written off each year. Prepare Discount on Issue of Debentures A/c for 1st two years.

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A company issued 9,000 12% debentures of 100 each at a discount of 10%. Debentures are to be redeeme...

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