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Exe Ltd. Issued 20,000, 9% Debentures of...

Exe Ltd. Issued 20,000, 9% Debentures of ₹ 100 each at a discount of 4% discount of 4% on 1st April, 2019, Payable ₹ 30 on application and the balance on allotment. The debentures are redeemable after 5 yea₹. Pass Journal enteries for the issue of debentures and writing off discount on issue of debentures.

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Note : Demanded on allotment is presumed as net of discount.
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