Global ltd. issued 10,000, 8% Debentures of ₹ 100 each redeemable
Channel: Doubtnut
Date: 2020-03-29

Global ltd. issued 10,000, 8% Debentures of ₹ 100 each redeemable in four equal instalments by draw of lots from the end of 3 years at a premium of ₹9. Pass the Journal entries for writing off the Loss on Issue of Debentures. Also prepare Loss on Issue of Debentures Account .