Ganga Ltd. issued 18,00,000 9% debentures of Rs. 500 each. The board of directors decided to purchase 80,000 debentures at a price of Rs. 485 each for investment purpose.After few months, they decided to sell these debentures @ Rs. 510 each in the market.Record the necessary entries to show the above transactions.

Ganga Ltd. issued 18,00,000 9% debentures of Rs. 500 each. The board of directors decided to purchase 80,000 debentures at a price of Rs. 485 each for investment purpose.After few months, they decided to sell these debentures @ Rs. 510 each in the market.Record the necessary entries to show the above transactions.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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