“ZK” Ltd. Issued Rs 4,00,000 , 9 % Debentures of Rs100 each at a Discount of 5 % , Redeemable at a Premium of 10 % . Pass necessary Journal Entries for the above transactions in the Books of “ZK” Ltd.
Working Note : Loss on Issue of Debentures
= Discount Rs 5 + Premium on Redemption Rs 10
= 4,000 x Rs 15
= Rs 60,000
**Journal of ZK Ltd**
