Issue of Debentures with conditions Stipulated to their Redemption Journal entry

Issue of Debentures with conditions Stipulated to their Redemption
(Journal entry)

(i) Issued at par redeemable at par
Bank A/c Dr
To Debentures Account
(Issue of debentures of Rs .... at par)
(ii) Issued at discount and redeemable at par
Bank A/c Dr
Discount on issue of Debentures A/c Dr
To Debentures A/c
(Issue of debentures of Rs ... at a discount of Rs ....) (iii) Issued at premium redeemable at par
Bank A/c Dr
To Debentures A/c
To Securities Premium A/c
(Issue of ... debentures of Rs .... at a premium of Rs ....) (iv) Issue at par, redeemable at premium
Bank A/c Dr
Loss on Issue of Debentures A/c Dr
To Debentures A/c
To Premium on Redemption of Debenture A/c
(Issue of ... debentures of Rs ... a redeemable at a premium of Rs ...) (v) Issued at discount and redeemable at premium
Bank A/c Dr Discount on Issue of Debentures A/c Dr Loss on Issue of Debentures A/c Dr
To Debentures A/c
To Premium on Redemption of Debenture A/c
(issue of ... debentures of Rs ... at a discount of
Rs ... redeemable at a premium of Rs ....)

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