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प्रश्न
Pratham Ltd. issued 50,000, 9% Debentures of ₹ 100 each on 1st April, 2025 at 10% discount, redeemable at 10% premium. Interest is payable quarterly on 30th June, 30th September, 31st December and 31st March.
Pass the Journal entries for interest for the period ended 30th June, 2025.
रोजनामा प्रविष्टि
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उत्तर
| Journal Entries | ||||
|---|---|---|---|---|
| Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
| 30 June 2025 | Debenture Interest A/c ...Dr. | 1,12,500 | ||
| To Bank A/c | 1,12,500 | |||
| (Being quarterly interest on 9% Debentures paid) | ||||
| 30 June 2025 | Statement of Profit and Loss A/c ...Dr. | 1,12,500 | ||
| To Debenture Interest A/c | 1,12,500 | |||
| (Being debenture interest transferred to Statement of Profit and Loss) | ||||
Working Note:
Face Value of Debentures:
50,000 × ₹ 100 = ₹ 50,00,000
Annual Interest:
₹ 50,00,000 × 9% = ₹ 4,50,000
Quarterly Interest:
₹ 4,50,000 × 3/12 = ₹ 1,12,500
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