WebOct 28, 2024 · Globe Ltd. issues 20,000, 9% debentures of Rs. 100 each at a discount of 5% redeemable at the end of 5 years at a premium of 6%. For what amount ‘Loss on Issue of Debentures Account’ will be debited? (a) Rs. 1,00,000 (b) Rs. 1,20,000 (c) Rs.2,80,000 (d) Rs.2,20,000 Answer Question. WebAccounting Entries for Bonds Issued at a Discount In the Journal of…… (For the period ended on 31st December 2024) Similar entries will be passed every year. At maturity, Bond, A/c will be debited, and bank A/c will be credited with $ 100,000. Example #2 – Bond/Debenture Issued at Premium

ICAI Notes 9.4: Issue of Debentures - 2 - CA Foundation

Webdebenture: 2. a certificate of drawback issued at a custom house. WebOD) The bonds sold at a discount. If bonds are issued at 103, this means that: OA) The bond rate of interest is 10.3% of the market rate of interest. B) A $2,000 bond sold for $2,060.00. C) A $1,000 bond sold for $103. OD) The bonds sold at a discount. shark lake 2015 cast

Terms of Issue of Debentures - BYJU

WebIn addition to the payment of interest as herein provided, the Company acknowledges that this Debenture was issued at an original issue discount. b) Company’s Election to Pay … WebWhen debentures are to be redeemed after a fixed period, say 5 years, then the amount of discount on issue of debentures can be transferred to Profit and Loss Account by equal … WebIn this situation the issue price is less than par value but redemption value is more than par value. The difference between the redemption price and the issue price is treated as discount/loss on issue of debenture. Suppose, a 10% debenture of Rs. 1,000 is issued at a discount of Rs. 100 and shark lake abattoir esperance