Y Company Limited issue 10,000 12% Debentures of the nominal value of Rs. 60,00,000 as follows: (1) To a vendor for purchase of fixed assets worth Rs. 13,00,000 Rs. 15,00,000 nominal value. (ii) To su

Harsha · 27 Jul 2025

(i) 1. Fixed Assets Alc Dr. 1300000 To Vendors Alc. 1300000 2. Vendors Alc Dr. 130000 Discount on issue of deb. Alc Dr. 200000 To 12% Debentures Alc 1500000 (ii) 1. Bank Alc Dr. 2700000 To Debenture Application Alc 2700000 2. Debenture Application Alc Dr 2700000 Discount on debenture alc Dr. 300000 To 12% Debentures Alc 3000000 (iii) Bank Alc Dr. 1400000 To Bank loan alc 1400000 (Note- debenture of Rs. 1500000 are kept as collateral security against bank loan)