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प्रश्न
Pass necessary journal entries for the issue of debentures for the following transaction:
Kiero Ltd. issued 80,000, 9% debentures of ₹ 100 each at par, redeemable at a premium of 10%.
रोजनामा प्रविष्टि
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उत्तर
| In the Books of Kiero Ltd. Journal |
||||
| Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
| Bank A/с ...Dr. | 80,00,000 | − | ||
| To 9% Debenture Application and Allotment A/c | − | 80,00,000 | ||
| (Being application money received) | ||||
| 9% Debenture Application & Allotment A/c ...Dr. | 80,00,000 | − | ||
| Loss on Issue of Debentures A/c ...Dr. | 80,00,000 | − | ||
| To 9% Debentures A/с | − | 80,00,000 | ||
| To Premium on Redemption of Debentures A/c | − | 80,00,000 | ||
| (Being a transfer of application money to the debentures account, issued at par, but redeemable at a premium of 10%) | ||||
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