Company XYZ issues 10,000 debentures of ₹100 each at a 10% premium. What is the journal entry for this transaction?
1
Bank A/C Dr. ₹10,00,000
To Debentures A/C ₹10,00,000
To Debentures A/C ₹10,00,000
2
Bank A/C Dr. ₹11,00,000
To Debentures A/C ₹11,00,000
To Debentures A/C ₹11,00,000
3
Bank A/C Dr. ₹11,00,000
To Debentures A/C ₹10,00,000
To Securities Premium A/C ₹1,00,000
To Debentures A/C ₹10,00,000
To Securities Premium A/C ₹1,00,000
4
Securities Premium A/C Dr. ₹1,00,000
To Debentures A/C ₹1,00,000
To Debentures A/C ₹1,00,000