Journal


Date

Particulars

L.F.

Debit
Amount
(₹)

Credit
Amount
(₹)


2015





Apr. 01

Bank A/c 
Dr.

94,000



To Debenture Application and Allotment A/c 


94,000


(Money received on the issue of debentures) 








Debenture Application and Allotment A/c 
Dr.

94,000



Loss on Issue of Debentures A/c 
Dr.

16,000



To 9% Debentures A/c 


1,00,000


To Premium on Redemption of Debentures A/c 


10,000


(Debenture application and allotment money transferred to Debentures A/c) 








Sept 30  Debenture Interest A/c 
Dr.

4,500



To Debenture holders’ A/c 


4,050


To TDS Payable A/c 


450


(Interest due) 








Debenture holders’ A/c 
Dr.

4,050



To Bank A/c 


4,050


(Payment of interest) 








TDS Payable A/c 
Dr.

450



To Bank A/c 


450


(Payment of tax) 




2016 




Mar 31  Debenture Interest A/c 
Dr.

4,500



To Debenture holders’ A/c 


4,050


To TDS Payable A/c 


450


(Interest due) 








Debenture holders’ A/c 
Dr.

4,050



To Bank A/c 


4,050


(Payment of interest) 








TDS Payable A/c 
Dr.

450



To Bank A/c 


450


(Payment of tax) 


