Woodlock Ltd. issued 20,000, 8% Debentures of ₹ 100 each on 1st April, 2021 redeemable at 20% premium. The debentures were fully subscribed.

It has a balance of ₹ 1,50,000 in Securities Premium Reserve Account.

Pass the necessary Journal entries for issue of debentures and writing off loss on issue of debentures.

Anurag Pathak Changed status to publish December 12, 2023
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