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प्रश्न
On 2.3.2016 L and B Ltd. issued 635, 9% debentures of Rs.500 each. Pass necessary journal entries for the issue of debentures in the following situations:
(a) When debentures were issued at 5% discount, redeemable at 10% premium.
(b) When debentures were issued at 12% premium, redeemable at 6% premium.
उत्तर
Journal
| Date | Particulars | L.F. | Dr.(Rs.) | Cr.(Rs.) |
|
(a)
(b)
|
Bank A/c (635 x Rs.475) Dr To Debenture Application A/c (Being debenture application money received)
Debenture Application A/c Dr Loss on Issue of Debentures A/c (635 x Rs.75) Dr To 9% Debentures A/c To Premium on Redemption of Debentures A/c (635 x Rs.50) (Being debentures issued at par, redeemable at premium)
Bank A/c (635 x Rs.560) Dr To Debenture Application A/c (Being debenture application money received)
Debenture Application A/c Dr Loss on Issue of Debenture A/c (635 x Rs.30) Dr To 9% Debentures A/c To Premium on Redemption of Debenture A/c (365 x Rs.30) To Securities Premium A/c (635 x Rs.60) (Being debenture issued at discount redeemable at a premium) |
3,01,625
3,01,625 47,625
3,55,600
3,55,600 19,050
|
3,01,625
3,17,500 31,750
3,55,600
3,17,500 19,050 38,100
|
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