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प्रश्न
Pass necessary Journal entry for the issue of 11% Debentures in the books of Arpita Ltd. in the following case:
Issued 2,000, 11% Debentures of ₹ 100 each at a premium of 10%, redeemable at a premium of 5%.
रोजकीर्द नोंद
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उत्तर
| Journal Entry | ||||
|---|---|---|---|---|
| Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
| Bank A/c ...Dr. | 2,20,000 | |||
| Loss on Issue of Debentures A/c ...Dr. | 10,000 | |||
| To 11% Debentures A/c | 2,00,000 | |||
| To Securities Premium A/c | 20,000 | |||
| To Premium on Redemption of Debentures A/c | 10,000 | |||
| (Being 2,000, 11% Debentures of ₹ 100 each issued at 10% premium and redeemable at 5% premium) | ||||
Working Note:
Face Value = 2,000 × ₹ 100 = ₹ 2,00,000
Premium on Issue = ₹ 2,00,000 × 10% = ₹ 20,000
Premium on Redemption = ₹ 2,00,000 × 5% = ₹ 10,00
Bank Amount = ₹ 2,00,000 + ₹ 20,000 = ₹ 2,20,000
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पाठ 9: Issue of Debentures - EXERCISE [पृष्ठ ९.८४]
