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Bonds Issued at a Premium | Explanation, Examples & Journal Entries
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Bonds Issued at a Premium | Explanation, Examples & Journal Entries
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On 1st April, 2019, Sangita Ltd. issued 30,000 Equity Shares of Rs. 10 each at a premium of Rs. 4 per share, payable as follows: Rs. 6 on application (including Rs. 1
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Pass the necessary journal entries for issue of 1,000, 7% Debentures of Rs. 100 each in the following cases:(a) Issued at 5% premium redeemable at a premium of 10%.(b) Issued at a
SK Ltd. invited applications for 3,20,000 equity shares of Rs. 10 each at a premium of Rs. 5 per share. The amount was payable as follows: On application-Rs. 3 per share (including
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