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प्रश्न
Pass necessary Journal entries for the issue of debentures for the following transaction:
Him Ltd. issued 40,000, 13% Debentures of ₹ 100 each at par, redeemable at a premium of 10%.
रोजकीर्द नोंद
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उत्तर
| Journal Entries | ||||
|---|---|---|---|---|
| Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
| 1. | Bank A/c ...Dr. | 40,00,000 | ||
| To Debentures Application and Allotment A/c | 40,00,000 | |||
| (Being application and allotment money received) | ||||
| 2. | Debentures Application and Allotment A/c ...Dr. | 40,00,000 | ||
| Loss on Issue of Debentures A/c ...Dr. | 4,00,000 | |||
| To 13% Debentures A/c | 40,00,000 | |||
| To Premium on Redemption of Debentures A/c | 4,00,000 | |||
| (Being debentures issued at par and redeemable at 10% premium) | ||||
Working Note:
Face Value:
40,000 × ₹ 100 = ₹ 40,00,000
Amount Received: ₹ 40,00,000
Premium on Redemption:
₹ 40,00,000 × 10% = ₹ 4,00,000
Loss on Issue of Debentures: ₹ 4,00,000
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पाठ 9: Issue of Debentures - EXERCISE [पृष्ठ ९.८४]
