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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 5,000, 11% Debentures of 100 each at a discount 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. | 4,50,000 | |||
| Loss on Issue of Debentures A/c ...Dr. | 75,000 | |||
| To 11% Debentures A/c | 5,00,000 | |||
| To Premium on Redemption of Debentures A/c | 25,000 | |||
| (Being 5,000, 11% Debentures of ₹ 100 each issued at 10% discount and redeemable at 5% premium) | ||||
Working Note:
Face Value = 5,000 × ₹ 100 = ₹5,00,000
Discount on Issue = ₹ 5,00,000 × 10% = ₹ 50,000
Premium on Redemption = ₹ 5,00,000 × 5% = ₹ 25,000
Loss on Issue = ₹ 50,000 + ₹ 25,000 = ₹ 75,000
Bank Amount = ₹ 5,00,000 − ₹ 50,000 = ₹ 4,50,000
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पाठ 9: Issue of Debentures - EXERCISE [पृष्ठ ९.८४]
