Accountancy, asked by keerthithiru2000, 5 months ago

11(a) What journal entries will be made in the following cases?

(a). A company issued Rs.40,000/- 6% debentures at par redeemable at par.

(b). A company issued Rs.40, 000/- 6% debentures at discount of 10%

redeemable at par.

(c). A Company issued Rs.40, 000/- 6% debentures at premium of 5%

redeemable at par.

(d). A Company issued Rs.40, 000/- 6% debentures at par redeemable at

10% Premium.

(e). A company issued Rs.40,000/- 6% debentures at discount of 5%

redeemable at 5% premium.

Answers

Answered by sangeeta9470
5

Answer:

a) at the time of issue of debenture

Bank account. Dr. 40000 To debenture application & allotment 40000

Debenture application & allotment Dr 40000

To 6%debenture account. 40000

at time of redemption of debenture

6%debenture account. Dr 40000

To debentureholder a/c. 40000

Debenture holder a/c. Dr 40000

To bank account. 40000

b) at the time of issue

Bank account. Dr. 36000. To debenture application & allotment. 36000

Debenture application & allotment Dr 36000

discount on issue of debenture. Dr. 4000

To 6% debenture account. 40000

at the time of redemption

6%debenture account. Dr 40000

To debentureholder a/c. 40000

Debenture holder a/c. Dr 40000

To bank account. 40000

c) at the time of issue

Bank account. Dr 42000

To debenture application & allotment 42000

Debenture application allotment Dr 42000

To 6%debenture account. 40000

To security premium reserve. 2000

at the time of redemption

6%debenture account. Dr 40000

To debentureholder a/c. 40000

Debenture holder a/c. Dr 40000

To bank account. 40000

d) at the time of issue

Bank account. Dr. 40000 To debenture application & allotment 40000

Debenture application & allotment Dr 40000

loss on issue of debenture. Dr 4000

To 6%debenture account. 40000

To premium on redemption. 4000

at the time of redemption

6%debenture account Dr 40000

Premium on redemption Dr 4000

To debentureholder. 44000

Debentureholder. Dr. 44000

To bank account. 44000

e) at the time of issue

Bank account. Dr. 38000

To debenture application allotment Dr 38000

Debenture application allotment Dr 38000

loss on issue of debenture. Dr. 4000

To 6% debenture. 40000

To premium on redemption. 2000

at the time of redemption

6% Debenture account. Dr 40000

premium on redemption Dr. 2000

To debentureholder. 42000

Debentureholder. Dr. 42000

To bank account. 42000

Similar questions