9. 1 mark It means Issue of debenture as additional security against bank loan, so that bank can be a debenture holder when company is not able to pay the dues. 10..(i) ½ mark for each entry 1. Bank A/c Dr. 39,37,500 To 9% Deb. App.& Allot. A/c 39,37,500 2. 39,37,500 9% Deb. App.& Allot. A/c Dr. 5,62,500 Loss on Issue of Debenture A/c Dr. 37,50,000 To 9% Debentures A/c 1,87,500 To Security Premium Reserve A/c 5,62,500 To Premium on Redemption A/c 3. 37,50,000 9% Debentures A/c Dr. 5,62,500 Premium on Redemption A/c Dr. 43,12,500 To Debenture holder A/c 4. 43,12,500 Debenture holder A/c Dr. 43,12,500 To Bank A/c (ii) ½ mark for each entry 1. Bank A/c Dr. 21,60,000 To 12% Deb. App.& Allot. A/c 21,60,000 9% Deb. App.& Allot. A/c Dr. 2. 21,60,000 20,00,000 To 9% Debentures A/c 1,60,000 To Security Premium Reserve A/c Deb. Red. Res. A/c Dr. 3 To General Reserve A/c 5,00,000 9% Debentures A/c Dr. 4 5,00,000 To Debenture holder A/c Debenture holder A/c Dr. 5 20,00,000 To Bank A/c 20,00,000 11. 3 marks for issue and 3 marks for redemption
9. 1 mark It means Issue of debenture as additional security against bank loan, so that bank can be a debenture holder when company is not able to pay the dues. 10..(i) ½ mark for each entry 1. 2. 3. 4. Bank A/c Dr. To 9% Deb. App.& Allot. A/c 9% Deb. App.& Allot. A/c Dr. Loss on Issue of Debenture A/c Dr. To 9% Debentures A/c To Security Premium Reserve A/c To Premium on Redemption A/c 9% Debentures A/c Dr. Premium on Redemption A/c Dr. To Debenture holder A/c Debenture holder A/c Dr. To Bank A/c 39,37,500 39,37,500 5,62,500 37,50,000 5,62,500 43,12,500 39,37,500 37,50,000 1,87,500 5,62,500 43,12,500 43,12,500 (ii) ½ mark for each entry 1. 2. 3 4 5 Bank A/c Dr. To 12% Deb. App.& Allot. A/c 9% Deb. App.& Allot. A/c Dr. To 9% Debentures A/c To Security Premium Reserve A/c 21,60,000 21,60,000 5,00,000 20,00,000 21,60,000 20,00,000 1,60,000 5,00,000 20,00,000 Deb. Red. Res. A/c Dr. To General Reserve A/c 9% Debentures A/c Dr. To Debenture holder A/c Debenture holder A/c Dr. To Bank A/c 11. 3 marks for issue and 3 marks for redemption
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