On 1st April, 2015. Mathew Ltd. issued 10,000, 9% Debentures of Rs. 100 each at a discount of 5%, redeemable at a premium of 5%. These debentures were redeemable as follows:

On 1st April, 2015. Mathew Ltd. issued 10,000, 9% Debentures of Rs. 100 each at a discount of 5%, redeemable at a premium of 5%. These debentures were redeemable as follows:

Post category:Accountancy
Reading time:2 mins read

On 31st March, 2016	2,000 Debentures
On 31st March, 2017	5,000 Debentures
On 31st March, 2018	3,000 Debentures

Prepare the Loss on Issue of Debentures Account, Debentures Account and Premium on Redemption of Debentures Account for three years.

Solution

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