Question

Perfect Barcode Ltd. purchased computers from M/s. Computer Mart and paid the consideration as follows:
(a) 1,000 , 10% Debentures of ₹ 100 each at a discount of 10% ; and
(b) Issued a cheque for ₹ 80,000 for the balance amount.
Pass the journal entry in the books of Perfect Barcode Ltd.

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
	Computers A/c	Dr.		1,70,000
	Discount on issue of Debentures A/c (1,000×10)	Dr.		10,000
	To 10% Debentures A/c (1,000×100)				1,00,000
	To Bank A/c				80,000
	( Purchase consideration discharged)