Company XYZ issues 10,000 debentures of ₹100 each to purchase machinery worth ₹10,00,000. What is the journal entry for this transaction?
1
Machinery A/C Dr. ₹10,00,000
To Debentures A/C ₹10,00,000
To Debentures A/C ₹10,00,000
2
Debentures A/C Dr. ₹10,00,000
To Machinery A/C ₹10,00,000
To Machinery A/C ₹10,00,000
3
Machinery A/C Dr. ₹10,00,000
To Bank A/C ₹10,00,000
To Bank A/C ₹10,00,000
4
Bank A/C Dr. ₹10,00,000
To Debentures A/C ₹10,00,000
To Debentures A/C ₹10,00,000