XYZ Company receives a one year loan from Civil Bank Ltd. on I Shrawan 2075. The face value of the Note of Rs. 200,000 must be repaid on 31 Ashad 2076 along with 15% interest. Required: Journal entries to record the loan and its repayment ABC Company redeemed Rs. 200,000 face value bond issued at premium of 10 percentage The unamortized premium was Rs. 12.000 and the bond contains a call provision of 105 Required: Gain or loss on early redemption of bond
