KBC Ltd. company issued 10,000,10% debentures of Rs.100 each at 10% premium
to the general public on 1st April,19, which were redeemable after 5 years at a
premium of 10%. Pass the necessary journal entry for writing-off loss on issue of
debentures and prepare an account for the same,assuming that there was adequate
amount in securities premium reserve account.
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