Kitply Ltd. Issued ₹2,00,000, 10% Debentures at a discount of 5%. The terms of issue provide the rapayment at the end of 4 years. Kitplu Ltd. has a balance of ₹ 5,00,000 in Securities Premium Reserve. Pass the Journal entries for issue of debentures and writing off the discount .

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.

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.

A limeited company issued ₹ 1,00,000, 9% Debentures at a discount of 6% on 1st April, 2017, These debentures are to be redeemed equally, spead over 5 annual instalments. Pass the Journal entries for issue of debentures and writing off the discount.

On 1st April, 2018, Moonlight Ltd. Issued 1,000, 9% Debentures of ₹ 200 each at a discount of 5% redeemable after 5 yea₹ at a premium of 10%. All the debentures were subscribed and allotment was made. The balance in Securities Premium Reserve is ₹ 10,000 Profit for the yea₹ was ₹ 50,000. Pass the Journal entries for issue of debentures and writing off the loss from Securities premium Reserve fi₹t and thereafter from profit for the year. Prepare the extract of the Balance Sheet as at 31st March, 2019.

F Ltd, issue ₹ 7,00,000, 10% Debentures of ₹ 100 each at a premium of 5% redeemable at 110% after 5 yea₹. Journalise.

Pilot Pens Ltd. Issued 5,000, 6% Debentures of ₹ 100 each at a discount of 20%. It had balance in Securities Premium Reserve of ₹ 60,000. It decided to write off the discount from Securites Premium Reserve . Show the Notes to Accounts writing off the Discount on Issue of Debentures .

Green Ltd. Issued ₹ 8,00,000, 9% Debentures of ₹ 100 each at a premium of 5 % redeemable at par. Give Journal entries.