Journal
|
|||||
Date
|
Particulars
|
L.F.
|
Debit
Amount
(₹)
|
Credit
Amount
(₹)
|
|
2014
|
|
|
|
||
Mar. 31
|
Statement of Profit and Loss |
Dr.
|
2,00,000
|
|
|
|
To Debenture Redemption Reserve A/c |
|
|
2,00,000
|
|
|
(Transfer of balance amount to DRR) |
|
|
|
|
|
|
|
|
||
Apr. 30
|
Debenture Redemption Investment A/c |
Dr.
|
45,000
|
|
|
|
To Bank A/c |
|
|
45,000
|
|
|
(15% amount invested in securities) |
|
|
|
|
2015
|
|
|
|
||
Mar. 31
|
9% Debentures A/c |
Dr.
|
3,00,000
|
|
|
|
Premium on Redemption of Debentures A/c |
Dr.
|
30,000
|
|
|
|
To Debentureholders’ |
|
|
3,30,000
|
|
|
(3,000, 9% Debentures due for payment at 10% premium) |
|
|
|
|
|
|
|
|
||
|
Bank A/c |
Dr.
|
45,000
|
|
|
|
To Debenture Redemption Investment A/c |
|
|
45,000
|
|
|
(DRI encashed) |
|
|
|
|
|
|
|
|
||
|
Debentureholders’ A/c |
Dr.
|
3,30,000
|
|
|
|
To Bank A/c |
|
|
3,30,000
|
|
|
(Payment to debentureholders’) |
|
|
|
|
|
|
|
|
||
Apr. 30
|
Debenture Redemption Investment A/c |
Dr.
|
45,000
|
|
|
|
To Bank A/c |
|
|
45,000
|
|
|
(15% amount invested in securities) |
|
|
|
|
2016
|
|
|
|
||
Mar. 31
|
9% Debentures A/c |
Dr.
|
3,00,000
|
|
|
|
Premium on Redemption of Debentures A/c |
Dr.
|
30,000
|
|
|
|
To Debentureholders’ |
|
|
3,30,000
|
|
|
(3,000, 9% Debentures due for payment at 10% premium) |
|
|
|
|
|
|
|
|
||
|
Bank A/c |
Dr.
|
45,000
|
|
|
|
To Debenture Redemption Investment A/c |
|
|
45,000
|
|
|
(DRI encashed) |
|
|
|
|
|
|
|
|
||
|
Debentureholders’ A/c |
Dr.
|
3,30,000
|
|
|
|
To Bank A/c |
|
|
3,30,000
|
|
|
(Payment to debentureholders’) |
|
|
|
|
|
|
|
|
||
Apr. 30
|
Debenture Redemption Investment A/c |
Dr.
|
45,000
|
|
|
|
To Bank A/c |
|
|
45,000
|
|
|
(15% amount invested insecurities) |
|
|
|
|
2017
|
|
|
|
||
Mar. 31
|
9% Debentures A/c |
Dr.
|
3,00,000
|
|
|
|
Premium on Redemption of Debentures A/c |
Dr.
|
30,000
|
|
|
|
To Debentureholders’ |
|
|
3,30,000
|
|
|
(3,000, 9% Debentures due for payment at 10% premium) |
|
|
|
|
|
|
|
|
||
|
Bank A/c |
Dr.
|
45,000
|
|
|
|
To Debenture Redemption Investment A/c |
|
|
45,000
|
|
|
(DRI encashed) |
|
|
|
|
|
|
|
|
||
|
Debentureholders’ A/c |
Dr.
|
3,30,000
|
|
|
|
To Bank A/c |
|
|
3,30,000
|
|
|
(Payment to debentureholders’) |
|
|
|
|
|
|
|
|
||
|
Debenture Redemption Reserve A/c |
Dr.
|
2,25,000
|
|
|
|
To General Reserve A/c |
|
|
2,25,000
|
|
|
(DRR closed by transferring to General Reserve) |
|
|
|