13 :- Alka Ltd. issued 5,000, 10% Debentures of Rs 1,000 each at a discount of 10% redeemable after 5 years. According to the terms of issue, Rs 500 (after discount of Rs 50) was payable on application and the balance amount on allotment of debentures. Record necessary entries regarding issue of 10% Debentures.
Solution :-
