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Dear Student,
 
Journal
Date Particulars    L.F. Amount(Rs.) Amount(Rs.)
  Vendor's A/c
Discount on issue of debentures
   To 12% Debentures A/c
(Debenture issued to the vendor at 12% discount)
Dr.
Dr.

 
  5,40,000
60,000

 


6,00,000
 

Notes:
Value of machinery = Rs. 5,40,000
Discount = 10%
Debentures issued = 5,40,000 x 100/(100-90)
Debentures issued = Rs. 6,00,000

Regards

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Vendor's a/c dr. -- 5,40,000
To 10% debentures -- 5,40,000
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