Sarthaks Test
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What journal entries will be made in the following cases when the company redeems debentures at the expiry of the period by serving the notice: 

(a) when debentures were issued at par with a condition to redeem them at a premium; 

(b) when debentures were issued at a premium with a condition to redeem that at par; and 

(c) when were debentures issued at discount with a condition to redeem them at a premium?

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Journal entries

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