You are required to pass the journal entries relating to the issue of the debentures in the books of X Ltd., and show how they would appear in its balance sheet under the following cases :
(a) 120,8% debenturs of Rs 1000 each are issued at 5% discount and repayable at par.
(b) 150,7% debentures of Rs 1000 each are issued at 5% discount and repayble at premium of 10%
(c ) 80,9% debentures of Rs 1000 each are issued at 5% premium
(d )Another 400 ,8% debentures o fRs 100 each are issued as collateral security against a loan of Rs 40000.

Explanation