Pihu Ltd issued 300 lakh 8% debentures of Rs 100 each at a discount of 6%, redeemable at a - Accountancy - Issue and Redemption of Debentures

Question

Pihu Ltd issued 300 lakh 8% debentures of Rs 100 each at a discount
of 6%,
redeemable at a premium of 5% after 3 years payable as:
Rs 50 on application and Rs 44 on allotment You are required to
prepare the
necessary journal entries for issue of debentures

Sampada · Answer

5(a) Pihu Ltd issued 300 lakh 8% debentures of Rs 100 each at a
discount of 6%, 5 redeemable at a premium of 5% after 3 years
payable as : Rs 50 on application and Rs 44 on allotment You are
required to prepare the necessary journal entries for issue of
debentures

Pihu Ltd. issued 300 lakh 8% debentures of Rs.100 each at a discount of 6%, redeemable at a premium of 5% after 3 years payable as: Rs. 50 on application and Rs. 44 on allotment. You are required to prepare the necessary journal entries for issue of debentures.

Pihu Ltd. issued 300 lakh 8% debentures of Rs.100 each at a discount of 6%,
redeemable at a premium of 5% after 3 years payable as:
Rs. 50 on application and Rs. 44 on allotment. You are required to prepare the
necessary journal entries for issue of debentures.