Please ans this ques ..bit confusing
Dear Student
Regards
| Journal | ||||
| Date | Particulars | Debit | Credit | |
| 12% debenture A/c (10,000 x 50) | Dr. | 500,000 | ||
| Premium on Redemption of debentures A/c (10,000 x 20) | Dr. | 200,000 | ||
| To Debenture Holders A/c | 700,000 | |||
| (Being 10,000 debentures to be redeemed at Rs 20 premium) | ||||
| Debenture Holders A/c | Dr. | 700,000 | ||
| To Cash (50% of face value + premium belonging to it) | 350,000 | |||
| To 12% Debenture A/c | 350,000 | |||
| (Being debentures redeemed 50% in cash and remaining by issuing debentures ) | ||||
Regards