A company issued Rs.40000 , 12% debentures at a discount of 5% and redeemable at 5% premium
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bank a/c Dr 38000
to Deb app & allot a/c 38000
Deb app & allot a/c Dr 38000
loss on issue of deb a/c Dr 4000
to 12%Debenture a/c 40000
to premium on redemption of Deb a/c2000
to Deb app & allot a/c 38000
Deb app & allot a/c Dr 38000
loss on issue of deb a/c Dr 4000
to 12%Debenture a/c 40000
to premium on redemption of Deb a/c2000
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