-->

Accounting for Debenture|OLD is GOLD|Account

ISSUED AT PAR, REDEMPTION AT DISCOUNT

 2065 Q.No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

     To 8% debenture

(Being issue of 8% debenture at par)

300000

 

300000

8% debenture a/c Dr

       To discount on issue of debenture a/c

       To bank a/c

(Being redemption of 8% debenture at 5% discount)

300000

 

15000

285000

 

ISSUED AT PAR, REDEMPTION AT PREMIUM

 

2075 Q.No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at par)

400000

40000

 

 

400000

40000

 

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at 10% premium)

400000

40000

 

 

440000

 

2073 supp. Q.No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of deb. a/c Dr

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at discount)

190000

10000

20000

 

 

 

200000

20000

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at 10% premium)

200000

20000

 

 

220000

 

2072 Set E Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of debt.

(Being 10% debenture issued at par)

1000000

50000

 

 

1000000

50000

 

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

1000000

50000

 

 

1050000

 

 

2072 Supp. Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of deb. a/c Dr

    To 7% debenture

     To premium on redemption of deb.

(Being 7% debenture issued at par)

4000000

200000

 

 

 

4000000

200000

 

7% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 7% debenture at a premium)

4000000

200000

 

 

4200000

 

 

2071 Supp. Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at par)

200000

10000

 

 

200000

10000

 

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

200000

 

10000

210000

 

2070 Set D Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of deb. a/c Dr

    To 8% debenture

     To premium on redemption of deb.

(Being 8% debenture issued at par)

1200000

120000

 

 

1200000

120000

 

8% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 8% debenture at a premium)

1200000

120000

 

 

 

1320000

 

 

2066 (C) Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at par)

100000

5000

 

 

100000

5000

 

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

100000

5000

 

 

105000

 

 

2066 Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at par)

600000

30000

 

 

600000

30000

 

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

600000

30000

 

 

630000

 

 

2066 Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at par)

600000

30000

 

 

30000

600000

 

 

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

600000

30000

 

 

630000

 

2066 Supp. Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of deb. a/c Dr

    To 8% debenture

     To premium on redemption of deb.

(Being 8% debenture issued at par)

150000

7500

 

 

 

150000

7500

 

8% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 8% debenture at a premium)

150000

6500

 

 

157500

 

2065 Q. No. 4 (OLD)

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of deb. a/c Dr

    To 12% debenture

     To premium on redemption of deb.

(Being 12% debenture issued at par)

100000

10000

 

 

100000

10000

 

12% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 12% debenture at a premium)

100000

10000

 

 

110000

 

 

ISSUED AT DISCOUNT, REDEMPTION AT PAR

 

2072 Supp. Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of deb. a/c Dr

    To 10% debenture

(Being 10% debenture issued at Discount)

900000

100000

 

 

1000000

 

10% debenture a/c Dr

     To bank

(Being redemption of 10% debenture at par)

1000000

 

1000000

 

 

2074 Set A Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of deb. a/c Dr

    To 10% debenture

(Being 10% debenture issued at Discount)

475000

25000

 

 

500000

 

10% debenture a/c Dr

     To bank

(Being redemption of 10% debenture at par)

500000

 

500000

 

 

2070 Set C Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of deb. a/c Dr

    To 7% debenture

(Being 7% debenture issued at Discount)

1350000

150000

 

 

1500000

 

7% debenture a/c Dr

     To bank

(Being redemption of 7% debenture at par)

1500000

 

1500000

 

 

2068 Supp. Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of deb. a/c Dr

    To 10% debenture

(Being 10% debenture issued at Discount)

180000

20000

 

 

200000

 

10% debenture a/c Dr

     To bank

(Being redemption of 10% debenture at par)

200000

 

100000

 

 

ISSUED AT DISCOUNT, REDEMPTION AT PREMIUM

 

2076 Set B Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of deb. a/c Dr

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at discount)

720000

8000

40000

 

 

 

800000

40000

 

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

800000

40000

 

 

840000

 

 

2076 Set C Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at discount)

450000

50000

25000

 

 

 

500000

25000

 

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

500000

25000

 

 

525000

 

 

2076 Set B Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at discount)

285000

15000

30000

 

 

 

300000

30000

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

300000

30000

 

 

330000

 

 

2074 Supp Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at discount)

1900000

100000

200000

 

 

 

2000000

200000

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

2000000

200000

 

 

2200000

 

 

2074 Set B Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at discount)

190000

10000

20000

 

 

 

200000

20000

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

200000

20000

 

 

220000

 

 

2073 Set C Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at discount)

950000

50000

50000

 

 

 

1000000

50000

 

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

1000000

50000

 

 

1050000

 

 

2072 Set C Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at discount)

180000

20000

20000

 

 

 

200000

20000

 

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

200000

20000

 

 

220000

 

 

2072 Set D Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of deb. a/c Dr

    To 5% debenture

     To premium on redemption of deb.

(Being 5% debenture issued at discount)

450000

50000

50000

 

 

 

500000

50000

 

5% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 5% debenture at a premium)

500000

50000

 

 

550000

 

 

2071 Set C Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at discount)

4750000

250000

500000

 

 

 

5000000

500000

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

5000000

500000

 

 

5500000

 

 

2071 Set D Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at discount)

90000

10000

10000

 

 

 

100000

10000

 

10% debenture a/c Dr

Premium on redemption of deb. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

100000

10000

 

 

110000

 

 

2070 Supp. Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at discount)

190000

10000

20000

 

 

 

100000

20000

 

10% debenture a/c Dr

Premium on redemption of deb. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

100000

20000

 

 

120000

 

 

2069 Supp. Set A Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at discount)

450000

50000

100000

 

 

 

500000

10000

10% debenture a/c Dr

Premium on redemption of deb. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

500000

10000

 

 

510000

 

 

2069 (Set B) Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of deb. a/c Dr

    To 12% debenture

     To premium on redemption of deb.

(Being 12% debenture issued at discount)

360000

40000

20000

 

 

 

400000

20000

 

12% debenture a/c Dr

Premium on redemption of deb. a/c Dr

     To bank

(Being redemption of 12% debenture at a premium)

400000

20000

 

 

420000

 

 

2067 Supp. Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of deb. a/c Dr

    To 15% debenture

     To premium on redemption of deb.

(Being 15% debenture issued at discount)

900000

10000

5000

 

 

 

100000

5000

 

15% debenture a/c Dr

Premium on redemption of deb. a/c Dr

     To bank

(Being redemption of 15% debenture at a premium)

100000

5000

 

 

105000

 

 

2064 Supp. Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at discount)

900000

10000

5000

 

 

 

100000

5000

 

10% debenture a/c Dr

Premium on redemption of deb. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

100000

5000

 

 

105000

 

 

2062 Q. No. 4

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on redemption of deb.

(Being 10% debenture issued at discount)

900000

10000

5000

 

 

 

100000

5000

 

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

100000

5000

 

 

105000

 

 

2061 Q. No. 4

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of debt. a/c Dr

    To 10% debenture

     To premium on redemption of debt.

(Being 10% debenture issued at discount)

95000

5000

10000

 

 

 

100000

10000

 

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

100000

10000

 

 

110000

 

 

2060 Q. No. 4

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of debt. a/c Dr

    To 10% debenture

     To premium on redemption of debt.

(Being 10% debenture issued at discount)

45000

5000

2500

 

 

 

50000

2500

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

50000

2500

 

 

52500

 

 

2060 Supp. Q. No. 4

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

Discount on issue of debt. a/c

Loss on the issue of debt. a/c Dr

    To 10% debenture

     To premium on redemption of debt.

(Being 10% debenture issued at discount)

950000

50000

25000

 

 

 

100000

25000

 

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

1000000

25000

 

 

1025000

 

 

ISSUED AT PREMIUM, REDEMPTION AT PAR

 

2073 Set D Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

     To premium on issue of debt.

    To 10% debenture

(Being 10% debenture issued at a premium)

550000

 

50000

500000

 

10% debenture a/c Dr

     To bank

(Being redemption of 10% debenture at par)

550000

 

550000

 

 

ISSUED AT PREMIUM, REDEMPTION AT DISCOUNT

 

2068 Q. No. 12

Journal Entries

Particular

Debit

Credit

Bank a/c Dr

     To premium on issue of debt. a/c

    To 10% debenture

(Being 10% debenture issued at Premium)

1050000

 

50000

1000000

 

10% debenture a/c Dr

     To discount on redemption of debt.

     To bank

(Being redemption of 10% debenture at Discount)

1000000

 

50000

950000

 

 

ISSUED AT PREMIUM, REDEMPTION AT PREMIUM

 

2069 (Set A) Q. No. 12

Journal entries

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of debt. a/c Dr

    To 8% debenture

     To premium on issue of debt.

     To premium on redemption of debt.

(Being 8% debenture issued at a premium)

1650000

75000

 

 

1500000

150000

75000

 

8% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 8% debenture at a premium)

1500000

75000

 

 

1575000

 

 

2069 Supp. Set B Q. No. 12

Journal entries

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of debt. a/c Dr

    To 12% debenture

     To premium on issue of debt.

     To premium on redemption of debt.

(Being 12% debenture issued at a premium)

210000

20000

 

 

200000

10000

20000

 

12% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 12% debenture at a premium)

200000

20000

 

 

220000

 

 

2067 Q. No. 12

Journal entries

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of debt. a/c Dr

    To 10% debenture

     To premium on issue of debt.

     To premium on redemption of debt.

(Being 10% debenture issued at a premium)

525000

50000

 

 

500000

25000

50000

 

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

500000

50000

 

 

550000

 

 

2064 Q. No. 12

Journal entries

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of debt. a/c Dr

    To 10% debenture

     To premium on issue of debt.

     To premium on redemption of debt.

(Being 10% debenture issued at a premium)

550000

25000

 

 

500000

50000

25000

 

10% debenture a/c Dr

Premium on redemption of debt. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

500000

25000

 

 

 

525000

 

 

2064 Q. No. 4 (OLD)

Journal entries

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of deb. a/c Dr

    To 10% debenture

     To premium on issue of deb.

     To premium on redemption of deb.

(Being 10% debenture issued at a premium)

220000

10000

 

 

20000

200000

10000

 

10% debenture a/c Dr

Premium on redemption of deb. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

200000

10000

 

 

210000

 

 

2063 Q. No. 4

Particular

Debit

Credit

Bank a/c Dr

Loss on the issue of debt. a/c Dr

    To 10% debenture

     To premium on issue of deb.

     To premium on redemption of deb.

(Being 10% debenture issued at a premium)

525000

30000

 

 

500000

25000

30000

 

10% debenture a/c Dr

Premium on redemption of deb. a/c Dr

     To bank

(Being redemption of 10% debenture at a premium)

500000

30000

 

 

530000

 

 

=