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प्रश्न
'BCG Ltd.' issued ₹ 4,00,000, 9% Debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 10%.
Pass necessary Journal entries for the above transactions in the Books of BCG Ltd.
रोजकीर्द नोंद
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उत्तर
| Journal Entries in the Books of BCG Ltd. |
||||
|---|---|---|---|---|
| Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
| Bank A/c ...Dr. | 3,80,000 | |||
| Loss on Issue of Debentures A/c ...Dr. | 60,000 | |||
| To 9% Debentures A/c | 4,00,000 | |||
| To Premium on Redemption of Debentures A/c | 40,000 | |||
| (Being ₹ 4,00,000, 9% Debentures issued at 5% discount and redeemable at 10% premium) | ||||
Working Note:
Discount on Issue:
₹ 4,00,000 × 5% = ₹ 20,000
Premium on Redemption:
₹ 4,00,000 × 10% = ₹ 40,000
Loss on Issue of Debentures:
₹ 20,000 + ₹ 40,000 = ₹ 60,000
Bank amount received:
₹ 4,00,000 − ₹ 20,000 = ₹ 3,80,000
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