Journalise the following:

(i) A debenture issued at Rs 95, repayable at Rs 100;

(ii) A debenture issued at Rs 95, repayable at Rs 105; and

(iii) A debenture issued at Rs 100, repayable at Rs 105;

The face value of debenture in each of the above cases is Rs 100.

S.No.

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount Rs

(i)

Bank A/c

Dr.

95

Discount on Issue of Debenture A/c

Dr.

5

To Debenture A/c

100

(Debenture of Rs 100 issued at Rs 5 discount

with the term repayable at Rs 100)

(ii)

Bank A/c

Dr.

95

Loss on Issue of Debenture A/c

Dr.

10

To Debenture A/c

100

To Premium on Redemption of Debentures

5

(Debenture of Rs 100 issued at a discount of

Rs 5 and with the term repayable at Rs 105)

(iii)

Bank A/c

Dr.

100

Loss on Issue of Debenture A/c

Dr.

5

To Debenture A/c

100

To Premium on Redemption of Debenture A/c

5

(Debenture of Rs 100 issued with the term

repayable at Rs 105)