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प्रश्न
On 1st April, 2018, Sakshi Ltd. issued 1,000, 11% Debentures of ₹ 100 each at a discount of 6%, redeemable at a premium of 5% after three years.
Pass the necessary Journal entries for the issue of debentures in the books of Sakshi Ltd.
रोजकीर्द नोंद
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उत्तर
| Journal Entries in the Books of Sakshi Ltd. |
||||
|---|---|---|---|---|
| Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
| 1 April 2018 | Bank A/c ...Dr. | 94,000 | ||
| Loss on Issue of Debentures A/c ...Dr. | 11,000 | |||
| To 11% Debentures A/c | 1,00,000 | |||
| To Premium on Redemption of Debentures A/c | 5,000 | |||
| (Being 1,000, 11% Debentures of ₹ 100 each issued at 6% discount and redeemable at 5% premium after three years) | ||||
Working Note:
Face Value of Debentures:
1,000 × ₹ 100 = ₹ 1,00,000
Discount on Issue:
₹ 1,00,000 × 6% = ₹ 6,000
Premium on Redemption:
₹ 1,00,000 × 5% = ₹ 5,000
Loss on Issue of Debentures:
₹ 6,000 + ₹ 5,000 = ₹ 11,000
Amount received in Bank:
₹ 1,00,000 − ₹ 6,000 = ₹ 94,000
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