Global Ltd. issued 10,000, 8% Debentures of ₹ 100 each redeemable in four equal instalments by draw of lots from the end of 3 years at a premium of ₹ 9
Global Ltd. issued 10,000, 8% Debentures of ₹ 100 each redeemable in four equal instalments by draw of lots from the end of 3 years at a premium of ₹ 9.
Pass the Journal entries for writing off the loss on Issue of Debentures. Also prepare Loss on Issue of Debentures Account.
[Ans.: Dr. Statement of Profit & Loss (Finance Cost) and Cr. Loss on Issue of Debentures A/c by ₹ 90,000.]
Anurag Pathak Changed status to publish October 10, 2023
