A. Ltd. issued 90,00,000, 9% Debenture of Rs 50 each at a discount of 8%, redeemable at par any time after 9 years. Record necessary entries in the books of A. Ltd

A. Ltd. issued 90,00,000, 9% Debenture of Rs 50 each at a discount of 8%, redeemable at par any time after 9 years. Record necessary entries in the books of A. Ltd.

Books of A. Ltd.

Journal

Date	Particulars		L.F	Amount (Dr.)	Amount (Cr.)
	Bank A/c	Dr.		41,40,00,000
	To 9% Debenture Application A/c				41,40,00,000
	( 9% debenture money received @ Rs 46 on 90,000 , 9% debenture )
	9% Debenture Application A/c	Dr.		41,40,00,000
	Discount on Issue of debenture	Dr.		3,60,00,000
	To 9% debenture application A/c				45,00,00,000
	( Being 9% debenture application money transferred to 9% debenture account )

Chapter-2 Issue and Redemption of Debentures-II

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