give journal entries for the following: 1 issued rs 28000,10% of 100 each at a premium of 15% redeemable at - Accountancy - Issue and Redemption of Debentures

Question

give journal entries for the following: 1 issued rs 28000,10% of
100 each at a premium of 15% redeemable at par

Nikhil Sehgal · Accepted Answer

Bank A/c
Dr

32,20,000

To Debenture Application A/c

32,20,000

(Debenture Application money
received)

Debenture Application A/c
Dr

32,20,000

To 10 % Debentures A/c

28,00,000

To Securities Premium A/c

4,20,000

(Debentures issued at premium redeemable
at par)

Bank A/c	Dr.	32,20,000
To Debenture Application A/c			32,20,000
(Debenture Application money received)

Debenture Application A/c	Dr.	32,20,000
To 10 % Debentures A/c			28,00,000
To Securities Premium A/c			4,20,000
(Debentures issued at premium redeemable at par)

give journal entries for the following: 1.issued rs 28000,10% of 100 each at a premium of 15% redeemable at par