Accounting · Issue of Debentures
Given the journal entry: Debenture Application & Allotment A/c Dr. 95,000 Loss on Issue of Debentures A/c Dr. 10,000 To 9% Debentures A/c 1,00,000 To Premium on Redemption of Debentures A/c 5,000 Determine the rate of discount at which ₹1,00,000, 9% debentures were issued.
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