All Debentures are redeemed after fixed period

Journal Entry

Amount of Loss on Issue of Debentures written off each year
Profit and Loss A/c Dr
To Loss on Issue of Debentures A/c
(Loss on Issue of Debentures written off)
Same journal entry will be made each year till the whole amount of the
Loss on issue of Debentures is written off.
Calculation of the amount to be written off

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