can debentures be issued at premium and at discount in India as per law?
If yes, what is the NEW accounting treatment of premium and discount on issue ?
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Accounting Treatment of Premium & Discount on Issue of Debentures in India
Replies (3)
Quick Summary
Yes, you can issue them like that.
By Bank a/c
To share capital a/c
To securities premium reserve a/c
and
By Bank a/c
By discount a/c
To share capital a/c
Yes , one can issue debentures at premium and at discount .
Accounting treatment
Bank A/c Dr
To premium on Debentures A/c Cr
To Debentures A/c Cr
( Being debentures issued at premium )
Bank A/c Dr
Discount on Debentures A/c Dr
To Debentures. A/c Cr
( Being debentures issued at discount )
Accounting treatment
Bank A/c Dr
To premium on Debentures A/c Cr
To Debentures A/c Cr
( Being debentures issued at premium )
Bank A/c Dr
Discount on Debentures A/c Dr
To Debentures. A/c Cr
( Being debentures issued at discount )
LOL sry, its debenture account, maybe I did not red the question long enough
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