Issue Of Debentures At Discount

Issue Of Debentures At Premium

On 1st April, 2015, Mathew Ltd. Issued 10,000, 9% Debentures of ₹ 100 each at a discount of 5%, redeemable at a premium of 5%. These debentures were redeemable as follows: {:("On31st March, 2016",,,,"2,000 Debentures,"),("On31st March, 2017",,,,"3,000 Debentures,"),("On31st March, 2018",,,,"3,000 Debentures,"):} prepare the Loss Issue of Debentures Account, Debentures Account and Premium on Redemption of Debentures Account for the three years.

Global ltd. issued 10,000, 8% Debentures of ₹ 100 each redeemable in four equal instalments by draw of lots from the end of 3 years at a premium of ₹9. Pass the Journal entries for writing off the Loss on Issue of Debentures. Also prepare Loss on Issue of Debentures Account .

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.

On 1st Apirl, 2016, Sunster Ltd. Issued 10,000, 12% Debentures of ₹ 100 each at a discount of 5% redeemable at par as follows: {:("On 31st March, 2017 ","2,000 Debentures,"),("On 31st March, 2018 ","5,000 Debentures,"),("On 31st March, 2019 ","3,000 Debentures,"):} Interest is paid annully on 31st March . You are required to pass the Journal entries, including for interest for the three years and prepare Discount on Issue of Debentures Account.

Issue Of Shares At A Discount