The Total solution for NCERT class 6-12
Books of A. Ltd.
Journal
Date
Particulars
L.F.
Debit
Amount
₹
Credit
Bank A/c
Dr.
41,40,00,000
Discount on Issue of Debenture A/c
3,60,00,000
To 9% Debenture A/c
45,00,00,000
(Money received for 90,00,000 9% Debentures
@ ₹ 50 each at discount of 8%)
Alternative Method:
To 9% Debentures Application A/c
(Debenture Application money received @ ₹ 46 each
on 90,00,000 9% Debentures)
9% Debentures Application A/c
Discount on issue of Debentures A/c
4,50,00,000
(9% Debentures application money transferred to
9% Debenture Account)