Journalise the Following: (i) A Debenture Issued At Rs 95, Repayable At Rs 100;

Journalise the following:

(i) A debenture issued at Rs 95, repayable at Rs 100;

(ii) A debenture issued at Rs 95, repayable at Rs 105; and

(iii) A debenture issued at Rs 100, repayable at Rs 105;

The face value of debenture in each of the above cases is Rs 100.

S.No.	Particulars		L.F.	Amount  (Rs.)	Amount (Rs.)
(i)	Bank A/c	Dr.		95
	Discount on Issue of Debenture A/c	Dr.		5
	To Debenture A/c				100
	(Being Debenture of Rs 100 issued at Rs 5 discount with the term repayable at Rs 100)
(ii)	Bank A/c	Dr.		95
	Loss on Issue of Debenture A/c	Dr.		10
	To Debenture A/c				100
	To Premium on Redemption of Debentures				5
	(Being Debenture of Rs 100 issued at a discount of Rs 5 )
(iii)	Bank A/c	Dr.		100
	Loss on Issue of Debenture A/c	Dr.		5
	To Debenture A/c				100
	To Premium on Redemption of Debenture A/c				5
	(Being Debenture of Rs 100 issued with the term repayable at Rs 105)

Chapter-2 Issue and Redemption of Debentures-II

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