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प्रश्न
Pass necessary Journal entries for the issue of debentures in the following cases:
(a) ₹ 40,000; 12% Debentures of ₹ 100 each issued at a premium of 5% redeemable at par.
(b) ₹ 70,000; 12% Debentures of ₹ 100 each issued at a premium of 5% redeemable at ₹ 110.
उत्तर
(a)
Journal
|
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
|
|
Bank A/c |
Dr. |
|
42,000 |
|
|
|
To Debenture Application A/c |
|
|
|
42,000 |
|
|
(400 debentures issued at Rs 100 at a premium of 5%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Debenture Application A/c |
Dr. |
|
42,000 |
|
|
|
To 12% Debenture A/c |
|
|
|
40,000 |
|
|
To Securities Premium A/c |
|
|
|
2,000 |
|
|
(400 debentures issued at a premium of 5% and redeemable at par) |
|
|
|
|
(b)
Journal
|
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
|
|
Bank A/c |
Dr. |
|
73,500 |
|
|
|
To Debenture Application A/c |
|
|
|
73,500 |
|
|
(700 debentures issued at Rs 100 at a premium of 5%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Debenture Application A/c |
Dr. |
|
73,500 |
|
|
|
Loss on Issue of Debentures A/c |
Dr. |
|
7,000 |
|
|
|
To 12% Debenture A/c |
|
|
|
70,000 |
|
|
To Securities Premium A/c |
|
|
|
3,500 |
|
|
To Premium on Redemption A/c |
|
|
|
7,000 |
|
|
(70,000 debentures issued at a premium of 5% and redeemable at Rs 110) |
|
|
|
|
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संबंधित प्रश्न
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