On 1st April, 2023, YK Ltd. issued 20,000, 9% debentures of 100 each at a premium of 5%, redeemable after five years at par. The company closes its…

Books of YK Ltd. Journal Date Particulars L.F Dr. Cr. Amount Amount ₹ ₹ $\displaystyle 2023$ Bank A/c Dr. $\displaystyle 21,00,000$ April $\displaystyle 1$ To Debenture Application and Allotment A/c $\displaystyle 21,00,000$ (Receipt of application money on $\displaystyle 20,000$, $\displaystyle 9$% Debentures of ₹$\displaystyle 100$ each issued at a premium of $\displaystyle 5$%) $\displaystyle 2023$ Debenture Application and Allotment A/c Dr. $\displaystyle 21,00,000$ April $\displaystyle 1$ To $\displaystyle 9$% Debentures A/c $\displaystyle 20,00,000$ To Securities Premium A/c $\displaystyle 1,00,000$ (Transfer of Debenture application money to Debentures account and Securities premium account) $\displaystyle 2023$ Debenture Interest A/c Dr. $\displaystyle 90,000$ Sept $\displaystyle 30$ To Debentureholders A/c $\displaystyle 90,000$ (Interest due on debentures for six months) $\displaystyle 2023$ Debentureholders A/c Dr. $\displaystyle 90,000$ Sept $\displaystyle 30$ To Bank A/c $\displaystyle 90,000$ (Payment of interest to debentureholders) $\displaystyle 2024$ Debenture Interest A/c Dr. $\displaystyle 90,000$ March $\displaystyle 31$ To Debentureholders A/c $\displaystyle 90,000$ (Interest due on debentures for six months) $\displaystyle 2024$ Debentureholders A/c Dr. $\displaystyle 90,000$ March $\displaystyle 31$ To Bank A/c $\displaystyle 90,000$ (Payment of interest to debentureholders)