Page 7 - HA ISSUE OF DEB

31.Citizen Watches Ltd. Issued 7,500 8% debentures of ₹ 100 each at par

for subscription payable with application. Subscription was received for

7,000 debentures. The debentures are duly allotted. Pass necessary
journal entries.

32. R ltd purchased Building for ₹ 22,00,000 .Half the payment was made

by cheque and the balance half by issue of 9% debentures of ₹ 100 each

at premium of 10%.Pass necessary journal entries.

33. KTR ltd Issued 365 ,9% Debentures of ₹ 1,000 each .Pass journal
entries if debentures are issued at par ,redeemable at a premium of 10%.