6. Debenture issued at a premium of Rs.5, redeemable after 5 years at Rs.98 7. Debenture issued at Rs.98, redeemable at par 8. Debenture issued at Rs.95, redeemable after 5 years at Rs.102 9. Debenture issued at Rs.95, redeemable after 5 years at a discount of Rs.2 Particulars Amount Amount Dr. Cr. 1. Bank Account Dr. 100 To Debenture Account 100 (Debenture issued at par, and repayable at par) 2. Bank Account Dr. 100 Loss on Issue Dr. 5 To Debenture Account 100 To Premium on Redemption of 5 Debenture (Debenture issued at par, repayable at premium) 3. Bank Account Dr. 100 To Debenture Account 100 (Debenture issued at par repayable at discount) * Discount on debenture not shown in the Books 4. Bank Account Dr. 110 To Debenture Account 100 To Premium on Issue 10 (Debenture issued at premium, repayable at par) 5. Bank Account Dr. 110 Loss on Issue Dr. 5 To Debenture Account 100 To Premium on Issue Account 10 To Premium on Redemption Account 5 (Debenture issued at premium, redeemable at premium) 6. Bank Account Dr. 105 To Debenture Account 100 To Premium on Issue 5 (Debenture issued at premium, redeemable at discount) 7. Bank Account D Dr. 98 Discount on Issue Dr. 2 To Debenture Account 100 (Debenture issued at discount, redeemable at par) 8. Bank Account Dr. 95 Loss on Issue Dr. 7 To Debenture Account 100 To Premium of Redemption 2
6. Debenture issued at a premium of Rs.5, redeemable after 5 years at Rs.98 7. Debenture issued at Rs.98, redeemable at par 8. Debenture issued at Rs.95, redeemable after 5 years at Rs.102 9. Debenture issued at Rs.95, redeemable after 5 years at a discount of Rs.2 Particulars Amount Dr. Amount Cr. 1. Bank Account Dr. To Debenture Account (Debenture issued at par, and repayable at par) 100 100 2. Bank Account Dr. Loss on Issue Dr. To Debenture Account To Premium on Redemption of Debenture (Debenture issued at par, repayable at premium) 100 5 100 5 3. Bank Account Dr. To Debenture Account (Debenture issued at par repayable at discount) * Discount on debenture not shown in the Books 100 100 4. Bank Account Dr. To Debenture Account To Premium on Issue (Debenture issued at premium, repayable at par) 110 100 10 5. Bank Account Dr. Loss on Issue Dr. To Debenture Account To Premium on Issue Account To Premium on Redemption Account (Debenture issued at premium, redeemable at premium) 110 5 100 10 5 6. Bank Account Dr. To Debenture Account To Premium on Issue (Debenture issued at premium, redeemable at discount) 105 100 5 7. Bank Account D Dr. Discount on Issue Dr. To Debenture Account (Debenture issued at discount, redeemable at par) 98 2 100 8. Bank Account Dr. Loss on Issue Dr. To Debenture Account To Premium of Redemption 95 7 100 2
217622_47073_company_account.docx