The Total solution for NCERT class 6-12
S.No.
Particulars
L.F.
Debit
Amount
₹
Credit
Amount ₹
(i)
Bank A/c
Dr.
95
Discount on Issue of Debenture A/c
5
To Debenture A/c
100
(Debenture of ₹ 100 issued at ₹ 5 discount
with the term repayable at ₹ 100)
(ii)
Loss on Issue of Debenture A/c
10
To Premium on Redemption of Debentures
(Debenture of ₹ 100 issued at a discount of
₹ 5 and with the term repayable at ₹ 105)
(iii)
To Premium on Redemption of Debenture A/c
(Debenture of ₹ 100 issued with the term
repayable at ₹ 105)