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A company issued 3000,12% Debenture of …

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A company issued 3000,12% Debenture of ₹100 each at par on 1st January, 2016 and repayable at premium @10% in three equal installment, starting from end of 1st Year. Pass Journal Entries and Prepare Loss on Issue of Debenture Account.

Posted by Aman Raj 6 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Nisha Kumari 6 years, 2 months ago

Bank a/c dr.300000 To debentute application a/c300000 (Being deb issued at par) Debenture app a/c dr. 300000 Loss on issue a/c dr. 30000 To 12%deb a/c 300000 To premium on redeem a/c 30000 (Being deb redeem at premium)

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