Josh Ltd. issued 2,000, 10% debentures of ₹100 each at a discount of 10%. These debentures are redeemable at a premium of 10% after 8 years. You are required to Show journal entries on issue of debentures.

Journal Entries Particulars Dr. (₹) Cr. (₹) Bank Dr. 1,80,000 Loss on issue of Debenture A/c Dr. 40,000 To 10% Debenture A/c 2,00,000 To Premium on redemption of Deb. A/c 20,000 (Issue of 2,000 numbers of 10% Debenture of ₹100 each issued at discount of 10% and redeemable at premium of 10%)