On 31 st March, 2016 | 1,800 12% Debentures |
On 31st March, 2017 | 3,600 12% Debentures |
On 31st March, 2018 | 3,600 12% Debentures |
Answer:
JOURNAL
Dr Loss on Issue of Debentures Account Cr Date Particulars L.F. Amt (Dr) Amt (Cr) 2015 Bank Dr 9,00,000 April 1 To Debenture Application and Allotment A/c 9,00,000 (Being debenture application money received) Debenture Application and Allotment A/c Dr 9,00,000 Loss on Issue of Debentures A/c Dr 90,000 To 12% Debentures A/c 9,00,000 To Premium on Redemption of Debentures A/c 90,000 (Being 12% debentures allotted at par and redeemable of 10% premium)
Date Particulars Amt (Rs,) Date Particulars Amt (Rs.) 2015 2016 April 1 To Premium on Redemption of Debentures A/c March 31 By Statement of Profit and Loss 18,000 90,000 March 31 By Balance c/d 72,000 90,000 90,000 2016 2017 April 1 To Balance b/d 72,000 March 31 By Statement of Profit and Loss 36,000 March 31 By Balance c/d 36,000 72,000 72,000 2017 2018 April 1 To Balance b/d 36,000 March 31 By Statement of Profit and Loss 36,000 36,000 36,000
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