Accountancy, asked by Malarbeaul1655, 11 months ago

On 1st April, 2013, ABC Ltd. issued 10,000, 10% Debentures of ₹ 100 each at a discount of 4% redeemable after 5 years at a premium of 6%.
Pass the necessary journal entries for issue of debentures and writing off Loss on issue of Debentures. Also prepare Loss on issue of Debentures Account.

Answers

Answered by kingofself

1

Explanation:

Calculation/ Workings : Discount to be written off

Discount = 10,00,000 x 10% = 1,00,000

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