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On 1st April, 2018, Amro Ltd. Issued 10,...

On 1st April, 2018, Amro Ltd. Issued 10,000, 9% Debentures of ₹ 100 each at a discount of 10% redeemable at par after 5 yea₹. The issue price is payable along with application. The debentures were subscribed. It has a balance of ₹ 1,75,000 in Securities Premium Reserve.
Pass Journal entries for issue of debentures and writing off the discount and prepare Discount of Issue of Debentures Account.

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