A limited company issued ₹ 10,00,000; 9% Debentures at a discount of 6% on 1st April, 2014. These debentures are to be redeemed equally, in 5 annual installments starting from 31st March, 2015. Discount on Issue of Debentures is written off during the tenure of debentures. Pass the journal entries for issue of debentures and writing off the discount.

A limited company issued ₹ 10,00,000; 9% Debentures at a discount of

1.	A limited company issued ₹ 10,00,000; 9% Debentures at a discount of 6% on 1st April, 2014. These debentures are to be redeemed equally, in 5 annual installments starting from 31st March, 2015. Discount on Issue of Debentures is written off during the tenure of debentures. Pass the journal entries for issue of debentures and writing off the discount.
Answer» A LIMITED company issued ₹ 10,00,000; 9% Debentures at a discount of 6% on 1st April, 2014. These debentures are to be redeemed equally, in 5 annual installments STARTING from 31st MARCH, 2015. Discount on Issue of Debentures is written off during the tenure of debentures.Pass the journal entries for issue of debentures and writing off the discount. contact me if any query hope you are having a good day contact me if any query

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