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
loss on issue a/c dr 4000
To 12% debenture ac 40000
To premiun on redemption 2000
loss on issue a/c dr 4000
To 12% debenture ac 40000
To premiun on redemption 2000
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