39 :- Pass necessary Journal entries for the issue of debentures in the following cases:
(i) Issued ₹ 75,00,000, 9% Debentures of ₹ 100 each at a premium of 10% redeemable at a premium of 5% after 3 years.
(ii) Issued 8,000, 9% Debentures of ₹ 100 each at a discount of 6% redeemable at a premium of 3% after 5 years.
(iii) Issued 90,000, 9% Debentures of ₹ 100 each at par, redeemable at par after 4 years.
Solution :-
