CUET Accountancy 2022 20 Aug Shift 2 PYQs

According to section ....... of The Companies Act, 2013 'Debenture' includes debenture inventory, bonds and any other securities of a company whether constituting a charge on the assets of the company or not.

Discount on issue of 8% debentures is shown in the balance sheet as

When debentures are issued at premium and redeemed at premium, the journal entry will have the following combination: