List of top Accountancy Questions on Journal Entries asked in CBSE CLASS XII

Pass necessary journal entries for the issue of debentures in the books of RN Ltd. for the following transactions:
(i) Issued 1,000, 10% Debentures of ₹100 each at 5% premium, redeemable at a premium of 10% after 5 years.
(ii) Issued 5,000, 10% Debentures of ₹100 each at a premium of 10%, redeemable at par after 5 years.
Kanha, Resham, and Nisha were partners in a firm. Nisha had given a loan of \rupee1,00,000 to the firm at 10\% p.a. The accountant of the firm is emphasizing that interest on the loan will be paid at 6\% p.a. At what rate will the interest on the loan be paid to Nisha?
Riya, Rita, and Renu were partners in a firm. On 31st March, 2023, Renu retired. The amount payable to Renu ₹2,17,000 was transferred to her loan account. Renu agreed to receive interest on this amount as per the provisions of the Partnership Act, 1932. The rate at which interest would be paid to Renu is: