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प्रश्न
On 1st October, 2022, Ninza Ltd. issued 4,000, 8% Debentures of ₹ 100 each at a discount of 10%. The company had a balance of ₹ 50,000 in the Securities Premium Account on the same date.
Pass necessary journal entries for issue of debentures and to write off a discount on issue of debentures.
रोजकीर्द नोंद
उत्तर
| Journal Entries |
||||
| Date | Particulars | L.F. | Dr. Amount (₹) | Cr. Amount (₹) |
| Bank A/c ...Dr. | 3,60,000 | |||
| To 8% Deb. App. and Allot. A/c | 3,60,000 | |||
| (Being debenture money received) | ||||
| 8% Deb. App. and Allot. A/c ...Dr. | 3,60,000 | |||
| Discount on issue of deb. A/c ...Dr. | 40,000 | |||
| To 8% Debentures A/c | 4,00,000 | |||
| (Being debentures, money transferred to debenture account) | ||||
| Securities Premium A/c ...Dr. | 40,000 | |||
| To Discount on issue of deb. A/c | 40,000 | |||
| (Being Discount on issue of debentures written off) | ||||
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