Ankur Jewellery Ltd. issued 50,00,000, 8% Debentures of Rs 100 each at

1.	Ankur Jewellery Ltd. issued 50,00,000, 8% Debentures of Rs 100 each at a discount of 6% on April 1 , 2012 redeemable at premium of 4% by draw of lots as under: 20,00,000 Debentures on March 31,2015 10,00,000 Debentures on March 31,2016 20,00,000 Debentures on March 31,2017 Compute the amount of discount to be written off in each year till debentures are paid. Also prepare discount /loss on issue of debentures account.
Answer» Ankur Jewellery Ltd. issued 50,00,000, $8 %$ Debentures of Rs 100 each at a discount of $6 %$ on April 1 , 2012 redeemable at premium of $4 %$ by draw of lots as under: 20,00,000 Debentures on March 31,2015 10,00,000 Debentures on March 31,2016 20,00,000 Debentures on March 31,2017 Compute the amount of discount to be written off in each year till debentures are paid. Also prepare discount /loss on issue of debentures account.

Ankur Jewellery Ltd. issued 50,00,000, 8% Debentures of Rs 100 each at a discount of 6% on April 1 , 2012 redeemable at premium of 4% by draw of lots as under: 20,00,000 Debentures on March 31,2015 10,00,000 Debentures on March 31,2016 20,00,000 Debentures on March 31,2017 Compute the amount of discount to be written off in each year till debentures are paid. Also prepare discount /loss on issue of debentures account.

Answer»

Ankur Jewellery Ltd. issued 50,00,000, $8 %$ Debentures of Rs 100 each at a discount of $6 %$ on April 1 , 2012 redeemable at premium of $4 %$ by draw of lots as under:

20,00,000 Debentures on March 31,2015

10,00,000 Debentures on March 31,2016

20,00,000 Debentures on March 31,2017

Compute the amount of discount to be written off in each year till debentures are paid. Also prepare discount /loss on issue of debentures account.

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