Please tell it's ans with working.
Dear Student,
Notes:
Value of machinery = Rs. 5,40,000
Discount = 10%
Debentures issued = 5,40,000 x 100/(100-90)
Debentures issued = Rs. 6,00,000
Regards
Date | Particulars | L.F. | Amount(Rs.) | Amount(Rs.) | |
---|---|---|---|---|---|
Vendor's A/c Discount on issue of debentures To 12% Debentures A/c (Debenture issued to the vendor at 12% discount) |
Dr. Dr. |
5,40,000 60,000 |
6,00,000 |
Notes:
Value of machinery = Rs. 5,40,000
Discount = 10%
Debentures issued = 5,40,000 x 100/(100-90)
Debentures issued = Rs. 6,00,000
Regards