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Kitply Ltd. issued ₹ 2,00,000, 10% Debentures at a discount of 5%. The terms of issue provide the repayment at the end of 4 years

3.64K viewsOctober 10, 2023[CBSE] Issue of Debenture

Anurag Pathak28.65K October 10, 2023 0 Comments

Kitply Ltd. issued ₹ 2,00,000, 10% Debentures at a discount of 5%. The terms of issue provide the repayment at the end of 4 years. Kitply Ltd. has a balance of ₹ 5,00,000 in Securities Premium.

Pass the Journal entries for issue of debentures and writing off the discount.

[Hint: Dr. Securities Premium A/c and Cr. Discount on issue of Debentures A/c by ₹ 10,000.]

Anurag Pathak Changed status to publish October 10, 2023

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Anurag Pathak28.65K Posted October 10, 2023 0 Comments

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Anurag Pathak Changed status to publish October 10, 2023

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Kitply Ltd. issued ₹ 2,00,000, 10% Debentures at a discount of 5%. The terms of issue provide the repayment at the end of 4 years

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

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