On 1st April, 2015. Mathew Ltd. issued 10,000, 9% Debentures of ₹ 100 each at a discount of 5%, redeemable at a premium of 5%. These debentures were redeemable as follows:

On 31st March, 2016	2,000 Debentures;
On 31st March, 2017	5,000 Debentures;
On 31st March, 2018	3,000 Debentures.

Prepare the Loss on Issue of Debentures Account, Debentures Account and Premium on Redemption of Debentures Account for three years.

	In the books of Mathew Ltd.
Dr.	Loss on Issue of Debentures A/c						Cr.
Date		Particulars	Amount (₹)	Date	Particulars	Amount (₹)
2015				2016
April 01		To 9% Debentures A/c	1,00,000	March 31	By Statement of Profit & Loss A/c	1,00,000
			1,00,000			1,00,000

Dr.	9% Debentures A/c						Cr.
Date		Particulars	Amount (₹)	Date	Particulars	Amount (₹)
2016				2015
March 31		To Debentureholders A/c	2,00,000	April 01	By Debenture Application & Allotment A/c	9,50,000
March 31		To balance c/d	8,00,000	April 01	By Loss on Issue of Debentures A/c	50,000
			10,00,000			10,00,000
2017				2016
March 31		To Debentureholders A/c	5,00,000	April 01	By balance b/d	8,00,000
March 31		To balance c/d	3,00,000
			8,00,000			8,00,000
2018				2017
March 31		To Debentureholders A/c	3,00,000	April 01	By balance b/d	3,00,000
			3,00,000			3,00,000

Dr.	Premium on Redemption of Debentures A/c						Cr.
Date		Particulars	Amount (₹)	Date	Particulars	Amount (₹)
2016				2015
March 31		To Debentureholders A/c	10,000	April 01	By Loss on Issue of Debentures A/c	50,000
March 31		To balance c/d	40,000
			50,000			50,000
2017				2016
March 31		To Debentureholders A/c	25,000	April 01	By balance b/d	40,000
March 31		To balance c/d	15,000
			40,000			40,000
2018				2017
March 31		To Debentureholders A/c	15,000	April 01	By balance b/d	15,000
			15,000			15,000