Question

when a debenture issue at 105and repayable at 105​

Answer 1

Answer:

bank dr. 105

To debenture application & allotment a/c 105

deb. application & allotment a/c dr. 105

loss on issue of deb. dr 5

To debenture. 100

To security premium reserve. 5

To premium on redemption. 5